Airbus stock price plunges on second wave fears

Shares of Airbus SE (EPA: AIR) plunged a further 2% today to total weekly losses to nearly 10% as the number of daily COVID-19 infections is on the up again. Fundamental analysis: Further cuts possible Guillaume Faury, the CEO of the European multinational planemaker Airbus, said his company will do everything it can to avoid compulsory layoffs, but there are no guarantees it won’t happen. Given that air travel is far lower than its normal levels because of travel restrictions and coronavirus-induced fears among tourists, airline companies have eased their new aircraft deliveries.  “The crisis is existential. Our life as