Airbus orders spending cuts over fallout from war on Iran

“Airbus orders spending cuts over fallout from war on Iran European aerospace company Airbus has instructed staff to reduce “non-essential expenses” by 10 percent amid instability linked to the US-Israeli war on Iran. “We are asking for your support in adopting several cost containment measures to help our company navigate this unstable situation,” a company document seen by AFP said. “Our specific focus is on significantly pausing all activities and costs that are not strictly essential to our industrial activities and operations … We aim to reduce these costs by -10 percent compared to the 2025 baseline.” The memo also instructed teams not to “engage in any new expenses or any subcontracting activities that are not strictly essential”, specifically mentioning “team events, team boosters, corporate events, events for other stakeholders, and participation in conferences and events”.

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