Airbus ( AIR.PA ) plane output will be 40% lower for two years compared to pre-crisis plans, its chief executive said in remarks published on Monday, underscoring the threat to jobs as it draws up rapid restructuring plans due to a travel slump. Reuters reported on June 3 that Airbus was looking to hold underlying jet output at 40% below pre-coronavirus pandemic plans for two years as the basis for the restructuring. “For the next two years – 2020/21 – we assume that production and deliveries will be 40% lower than originally planned,” CEO Guillaume Faury told Die Welt newspaper, saying output would return to normal by 2025. Airbus has till now said it was cutting output by a third on average. The latest figures do not imply any immediate new production cut after Airbus reduced output by between 33% and 42% to new output levels […]