Airbus starts cost-saving plan as aviation industry turns gloomy

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Airbus SE has embarked on a plan to improve its performance and keep costs in check in response to supply-chain constraints and rising expenses.

Robert Kokonis, founder and managing director of AirTrav, joins BNN Bloomberg to share his outlook on Canada's aviation sector.

“In view of the continued pressure in the supply chain as well as the overall complex economic situation, there is a need to concentrate our efforts on the fundamentals,” an Airbus spokesman said in an email. “This will allow us to secure our industrial ramp-up today to deliver to our customers, continue our growth trajectory and prepare our ability to invest in our future programs.”

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