Airbus boss says industry facing ‘gravest crisis’ in history

The travel industry has been one of the worst hit by lockdown measures in place around the world. Airbus lost 481 million euros in the first quarter, the company’s revenues down 15% with no new orders expected in the near term.

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In This Story: Lockdown

During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.

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