Airbus cuts industrial and financial targets

Cutting output: Visitors are seen around Airbus A380 (background) and Airbus A321 at an aerospace exhibition near Berlin. Airbus has lowered its forecast for deliveries this year to around 770 jets from around 800. — AFP

PARIS: Airbus softened key industrial and financial targets and took a hefty €900 charge for its troubled space activities as Europe’s largest aerospace group sought a clean slate approach to supply disruptions and commercial risks.

Yielding to growing scepticism among suppliers over its plans for jet output, Airbus lowered its widely watched forecast for deliveries this year to around 770 jets from around 800.