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Airbus suffers a loss but stops bleeding cash.

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Airbus suffered a consolidated operating loss of 636 million euros, or $745 million, in the third quarter, but the European aerospace giant managed to stop bleeding cash and expected continued stability after adjusting its business in response to the coronavirus crisis, the company said Thursday.

Airbus’s chief executive, Guillaume Faury, sounded a cautiously optimistic note about the company’s future at a news briefing, a day after its rival Boeing announced plans to slash another 7,000 jobs through the end of next year, building on a much larger cut announced this spring. Boeing expects to end 2021 with about 130,000 employees, nearly 19 percent fewer than at the start of this year.

“After nine months of 2020, we now see the progress made on adapting our business to the new Covid-19 market environment,” Mr. Faury said. “Despite the slower air travel recovery than anticipated, we converged commercial aircraft production and deliveries in the third quarter and we stopped cash consumption in line with our ambition.”

Airbus earlier this year moved to curb airplane production and slash 15,000 jobs by the summer of 2021 to rein in costs as the slump in air travel from the pandemic took its toll. This week, the World Tourism Organization reported that international tourist arrivals plunged 70 percent during the first eight months of 2020, and probably would not recover for at least another year.

Airbus reported positive cash flow of €600 million in the three months to September. Its ability to maintain that trajectory would hinge on whether there was any further deterioration of the world economy and air traffic, the company said.

Mr. Faury said he expected Airbus to keep generating cash, despite new lockdowns to curb the virus announced Thursday in France and Germany, where Airbus has production operations.

The coronavirus crisis nonetheless weighed heavily on the company’s results. The plane maker took a third-quarter restructuring charge of €1.2 billion, reflecting the cost of planned job cuts.

Over the nine months of the fiscal year, Airbus had a consolidated operating loss of €2.1 billion. Third-quarter revenue fell 27 percent to €11.2 billion, reflecting a 33 percent drop in the main commercial aviation division. Airbus’s net loss from July to September was €767 million, compared with a profit of €989 million a year earlier.

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