--Airbus SE expects production and deliveries to be 40% lower than planned over the next two years due to the coronavirus pandemic, its Chief Executive Guillaume Faury said in an interview with German newspaper Die Welt.

--The European aircraft maker in April said it would cut production rates by roughly a third to adapt to lower demand and added in June that "further adjustments should be minor."

--Mr. Faury also said Airbus intends to announce possible job cuts before the end of July, Die Welt reports.

Full story (in German): https://bit.ly/2YGAl4X

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(END) Dow Jones Newswires

June 29, 2020 03:08 ET (07:08 GMT)

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