Airbus Chief Warns Staff of Significant Damage From Trade Tensions and Geopolitical Risks

CEO Guillaume Faury warned staff that trade tensions have caused significant logistical damage. The firm is now focusing on profitability and cost discipline.

Insights:
Airbus SE Chief Executive Guillaume Faury guillaume faurywarned staff last week in an internal memo that the company has sustained significant logistical and financial damage due to U.S. protectionism and trade tensions between the US USUSand China CNCN. The memo, distributed to 160,000 employees globally, arrives as the company, headquartered in France FRFR, navigates a complex landscape of geopolitical risks and operational hurdles while preparing for the next generation of aircraft development.
A Turkish Airlines Airbus A321-231 aircraft flies past the moon as it descends for Istanbul Airport in Istanbul, Turkey January 1, 2023. REUTERS/Yoruk Isik/File Photo
A Turkish Airlines Airbus A321-231 aircraft flies past the moon as it descends for Istanbul Airport in Istanbul, Turkey January 1, 2023. REUTERS/Yoruk Isik/File Photo
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