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.