The aeronautical industry often highlights its resilience in the face of crises. But that of the Covid-19 is different. Its impact promises to be " violent ", in the words of an expert. And Airbus and Boeing expect to be affected by the stall in air traffic. " The situation is not comparable to those experienced after the terrorist attacks of September 2001 and during the SARS crisis or that of the Subprime in 2008 ", explains Yan Derocles, aeronautical analyst at Oddo BHF. “ No region of the world is immune to the pandemic. None can serve as a shock absorber. Previously, the Middle East and Asia took over from the slowdown in Europe and the United States. This is not the case today, which is a big difference, ”he adds.
Weakened, the companies will reduce their expenses in order to preserve their cash flow. Airbus and Boeing expect to sign fewer contracts than expected and to cancel orders. “ I don't believe in massive cancellations.
This article is for subscribers only. You still have 75% to discover.
Subscribe: € 1 for 2 months
cancellable at any time
Enter your emailAlready subscribed? Log in
