Reuters
• Tim Hepher
Airbus cuts 10% non-industrial spending as engine shortages and logistics delays depress earnings and defer deliveries
Airbus is ordering a 10% cut to non-industrial corporate spending as aircraft pile up without engines at its factories and first-quarter earnings come under pressure. The cost actions come alongside continued constraints on engine deliveries and supply-chain throughput, forcing Airbus to defer jet deliveries while keeping main assembly lines running.
