Airbus is struggling to survive

Yep, $641 million net loss for 1Q 2020. And 737 MAX, 787, and 777/777X production will be decreased.

Pretty much. We’re living in the 1980s of air travel now.

This doesn’t necessary mean Airbus is in deep trouble. Like every other huge business they’ll be fine once things start going back to where they were.
The employees are lucky that the governments are still paying a nice portion of their wages, at least in the UK.

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