According to the insiders, essential business trips by sales representatives to customers will continue as normal, but questions will be asked about the costs of travel by other employees. Airbus would also like to keep an eye on costs around certain events.
The head of Airbus’ commercial aircraft business recently unveiled a company-wide plan for cost savings, and individual Airbus units have now come up with their own plans to cut spending, the sources said.
Airbus is ramping up production due to strong demand for new aircraft. The company is being hampered by, among other things, shortages of parts. This is affecting profitability. Airbus recently revised its profit forecast for this year downwards. Quarterly figures will be released on Tuesday.
The measure fits into a broader effort by companies in the aviation industry to save costs. KLM also announced last week that it would “look critically at investments, cost savings and the possibilities to generate more income” after disappointing results.