Airbus cancels A380 programme; reports full year 2018 results

At its annual results press conference, Airbus reported its full year results for 2018, stating that it has delivered on its guidance for all key performance indicators, but confirmed the rumours that it was cancelling its A380 programme. “Though 2018 had plenty of challenges for us, we delivered on our commitments with record profitability thanks to a strong operational performance, particularly in Q4,” said Airbus Chief Executive Officer Tom Enders. “With an order backlog of around 7,600 aircraft, we intend to ramp-up aircraft production even further. However, due to the lack of airline demand we have to wind down production