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 | | | | | WELCOME | | | | | |
to Aero-notes 50, the Airbus newsletter dedicated to Individual Investors,
I hope you and your families are doing well and remain safe in these difficult times.
Since February 13th, when we released our 2019 Full Year Results achieving our guidance with a record 863 aircraft deliveries, the economic landscape has drastically changed.
Aerospace is among the sectors that have been most affected by the coronavirus pandemic. Demand for air travel has collapsed and our customers have reduced capacity and temporarily grounded their fleets.
The impact of COVID-19 on our market environment is only partially reflected in our Q1 results, which we disclosed on April 29th.
Our strong focus is now on matching production with our customer demand, which is why we are adapting our commercial aircraft production rates downwards. We have also taken measures to strengthen our liquidity to prepare the best we can for a return to normal operations once the situation recovers.
Airbus is leveraging its global resources and mobilising its industrial capabilities to support the fight against COVID-19. We are using our own aircraft and crews in transporting medical equipment, and company employees are working on developing sustainable solutions, including the production of critical medical equipment.
In these times of crisis, we are focused on our resilience as a company to ensure we are well-positioned once the situation improves again.
| | | | | | Yours,
Thorsten Fischer,
Head of Airbus Investor Relations & Financial Communication | | | |
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| | | • | Market environment strongly impacted by COVID-19 situation, particularly in commercial aircraft | | | | • | Q1 2020 financials partially impacted by COVID-19 | | | | • | Revenues € 10.6 billion; EBIT Adjusted € 281 million | | | | • | EBIT (reported) € 79 million; loss per share (reported) € -0.61 | | | | • | Free cash flow before M&A and customer financing € -8.0 billion / €
-4.4 billion before payment of € -3.6 billion penalties | | | | • | Strong focus on matching production to demand and cash containment | | | | • | Assessment of COVID-19 implications on outlook in progress. No new guidance issued given limited visibility | | | | |
|  | | Airbus First Quarter 2020 Results
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| | | Airbus is closely monitoring the evolution of the coronavirus (COVID-19) pandemic across the globe and is assessing the situation, the impact on employees, customers, suppliers and the business. | | |
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Update on coronavirus
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| | An unprecedented Airbus mobilisation for the COVID-19 pandemic
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| | | | Airbus’ response to COVID-19 involves a company mobilisation as unprecedented as the coronavirus itself: with 53 crisis management teams established around the world, and employees who are demonstrating an unwavering commitment to adapt, realign and reinvent as the situation evolves. | | | |
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| | |  | | Airbus reveals
its blended wing aircraft demonstrator
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| | | | At 2m long and 3.2m wide, with a surface area of about 2.25m², MAVERIC features a disruptive aircraft design, that has the potential to reduce fuel consumption by up to 20% compared to current single-aisle aircraft. | | | |
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| | Airbus demonstrates first fully automatic vision-based take-off
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| | | | Automatic take-off is an important milestone in Airbus’ Autonomous Taxi, Take-Off & Landing (ATTOL) project. Launched in June 2018, ATTOL is one of the technological flight demonstrators being tested by Airbus in order to understand the impact of autonomy on aircraft. The next steps in the project will see automatic vision-based taxi and landing sequences taking place by mid-2020. | | | |
|
 | | Airbus achieves world’s first fully automatic refuelling contacts
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| | | | Airbus has achieved the first ever fully automatic air-to-air refuelling (A3R) operation with a boom system. The flight test campaign, conducted earlier in the year over the Atlantic Ocean, involved an Airbus tanker test aircraft equipped with the Airbus A3R solution, with an F-16 fighter aircraft of the Portuguese Air Force acting as a receiver. | | | |
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| | | | | For more information visit our website:
airbus.com/investors | | | |
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| | | | | | | This newsletter and the information contained herein is for informational purposes only. It is not intended to contain any new material or non-public information relating to Airbus SE but is a summary of recent public announcements. You should not rely on it in connection with the making of any investment or other decisions. Nothing in this document should be construed as a profit forecast, however it may repeat certain statements that might be deemed to be forward-looking; such statements are made under the provisions of Airbus' Safe Harbour Statement which can be found on Airbus' website. Any information contained in this newsletter speaks only as of the date of its publication. Airbus undertakes no obligation to publicly revise or update this newsletter and the information contained herein in light of new information, future events or otherwise.
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