Airbus CEO Warns on Jobs After Air Travel Market Worsens

The Airbus SE assembly plant in Toulouse, France.

Photographer: Balint Porneczi/Bloomberg

Airbus SE Chief Executive Officer Guillaume Faury stepped up his warning on forced job cuts at the European planemaker as a sharper-than-expected decline in travel leads carriers to push back deliveries of new jets.

“The situation has worsened” coming out of the summer high season, he said Tuesday in an interview on France’s RTL radio. “Airlines are in a more difficult situation after the holidays than what we were hoping.”

Airbus SE Lifts Delivery Target With Boeing Co. Gripped by Max Crisis

Photographer: Balint Porneczi/Bloomberg

The industrial giant, whose cost-cutting plans call for the elimination of 15,000 jobs, will have to “adapt to the new environment,” he added, in particular on the employment front. The shares dropped as much as 2.7%.

“It will be very difficult to stick with voluntary departures,” Faury said, reiterating that the company “is potentially at risk” if it doesn’t take the right steps.

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Singapore Air Cuts 20% of Workforce as Virus Smashes Travel

(Bloomberg) —



a airplane that is sitting on a runway at an airport: Singapore Airlines Ltd. aircraft stand on the tarmac at Changi Airport in Singapore, on Thursday, Dec. 13, 2018.


© Bloomberg
Singapore Airlines Ltd. aircraft stand on the tarmac at Changi Airport in Singapore, on Thursday, Dec. 13, 2018.

Singapore Airlines Ltd. is eliminating about 4,300 jobs, or 20 percent of its workforce, as the coronavirus outbreak devastates the aviation industry.

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The cuts will be made at Singapore Airlines and its SilkAir and Scoot units. Discussions are underway with unions and arrangements will be finalized as soon as possible, the carrier said in a statement late Thursday.

The job losses are the first at Singapore Airlines since the SARS outbreak in 2003.

“Having to let go of our valuable and dedicated people is the hardest and most agonizing decision that I have had to make in my 30 years with SIA,” Chief Executive Officer Choon Phong Goh said. “The next few weeks will be some of the toughest in the history of the SIA Group.”

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Space travel can lead to new motor skills but impaired vision, according to a new study of cosmonaut brains



a man talking on a cell phone: US astronaut Jack Fischer smiles as a NASA medical staff member wipes his face shortly after he landed back on Earth in a Russian Soyuz capsule in Kazakhstan, September 3, 2017. Sergei Ilnitsky/AFP/Getty Images


© Sergei Ilnitsky/AFP/Getty Images
US astronaut Jack Fischer smiles as a NASA medical staff member wipes his face shortly after he landed back on Earth in a Russian Soyuz capsule in Kazakhstan, September 3, 2017. Sergei Ilnitsky/AFP/Getty Images

  • A new study examined the brains of eight Russian cosmonauts seven months after they returned from the International Space Station.
  • Their brains showed signs of new motor skills, but slightly weaker vision. 
  • For some space travelers, those changes could be long-lasting.
  • Visit Business Insider’s homepage for more stories.

Imagine you could throw the perfect bullseye, but you’d have to wear glasses to do it. That’s a trade-off some space travelers may unwittingly make when they venture off the planet.

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A study published Friday examined the brains of eight male Russian cosmonauts roughly seven months after they returned from lengthy missions to the International Space Station. The researchers discovered minor changes

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United Air to Cut More Than 16,000 Jobs on Slump in Travel

(Bloomberg) — United Airlines Holdings Inc. will eliminate 16,370 jobs next month as the carrier shrinks operations in response to the steep decline in travel demand amid the Covid-19 pandemic.



a chair sitting in front of a window: United Airlines Holdings airplanes stand past an empty waiting area for travelers at Newark International Airport on June 9.


© Photographer: Angus Mordant/Bloomberg
United Airlines Holdings airplanes stand past an empty waiting area for travelers at Newark International Airport on June 9.

The furloughs announced Wednesday will take effect as soon as Oct. 1, the expiration of a six-month restriction on job cuts imposed in exchange for payroll aid under the U.S. Cares Act. To date, about 7,400 United employees have chosen to exit the company voluntarily, while another 20,000 are on temporary leave.

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United’s reductions add to the 19,000 job cuts planned by American Airlines Group Inc. Both carriers said the only thing that would avert the furloughs would be an extension of government aid to the industry that’s being debated in Washington.

Last month, United

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Lufthansa Weighs Cutting More Jobs as Travel Slump Endures

(Bloomberg) —



a group of people standing in a room: A Deutsche Lufthansa AG crew member holds sachets of disposable handwipes as the airline and airport operator Fraport AG showcase new coronavirus safety measures at Frankfurt Airport in Frankfurt, Germany, on Wednesday, June 17, 2020. Deutsche Lufthansa said a low turnout at its extraordinary general meeting next week is placing its 9 billion-euro ($10 billion) German bailout at risk of falling apart.


© Bloomberg
A Deutsche Lufthansa AG crew member holds sachets of disposable handwipes as the airline and airport operator Fraport AG showcase new coronavirus safety measures at Frankfurt Airport in Frankfurt, Germany, on Wednesday, June 17, 2020. Deutsche Lufthansa said a low turnout at its extraordinary general meeting next week is placing its 9 billion-euro ($10 billion) German bailout at risk of falling apart.

Deutsche Lufthansa AG, Europe’s biggest airline, is working on further belt-tightening measures that could result in the elimination of 20,000 more jobs, according to newspaper NZZ am Sonntag.

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The steps are currently being hammered out by the management of the German carrier and could be communicated in September, the Swiss newspaper reported on Sunday, citing two people it didn’t identify. The cuts under consideration for September would be on top of measures already publicly announced, NZZ am Sonntag said.

A spokesman for

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