PARIS, Nov 6 (Reuters) - Airbus delivered 72 aircraft in October, almost matching its performance in the same month last year as the European planemaker continues to focus on stabilising cash generation to weather the coronavirus pandemic.
The France-based company said deliveries for the first ten months of the year reached 413 aircraft, down 36% from the same period a year ago. October’s deliveries were down just 6.5% from 77 aircraft in the same month last year.
Airbus sold 11 jets last month, mainly to private jet operators amid a slump in airline demand due to the COVID-19 crisis, and took another three A220 cancellations from Macquarie Financial Holdings a unit of Australia’s Macquarie Group .
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.