Here is our updated model.
- No surprise, trading has dropped off the cliff – see Slide 2
- Amazingly, Egyptair is the #1 delivery customer YTD
- Slide 8 shows the MoM remains alive, but only just. For Airbus, this remains a monopoly for now and maybe a source of strength with market recovery
- 2020 should be the end of A320ceo deliveries (Slide 9)