The coronavirus epidemic hit the sales of German aviation companies

The German Aerospace Industries Affiliation (BDLI) has introduced the monetary knowledge of the aviation business for 2020.

SALES DOWN 25 PERCENT

Accordingly, the sector’s sales revenues decreased by roughly 25 % final yr in comparison with the earlier yr. These revenues fell from 41 billion euros to 31 billion euros final yr when the coronavirus disaster hit.

THE NUMBER OF EMPLOYEES IN THE SECTOR HAS DROPPED TO 10 THOUSAND

The quantity of workers in the sector decreased from 115 thousand to 105 thousand final yr.

In the German civil aviation sector, the place the epidemic disaster was most felt, sales fell from 32 billion euros to 22 billion, and the quantity of workers decreased by 8,200 to 73 thousand. The sales of German companies working in the aerospace subject, on the different hand, decreased by about 15 % to 2.3 billion euros final yr, whereas the quantity of workers remained the identical.

SALES RISE IN MILITARY AVIATION

It was noteworthy that sales in navy aviation elevated from 6.7 billion euros to 7.1 billion euros. The quantity of workers on this subject decreased from 23 thousand 300 to 22 thousand 900 with a lower of 2 %.

“WE EXPECT A BIGGER CONDITION IN THIS YEAR AND 2022”

Reiner Winkler, Vice President of BDLI, in his evaluation on the topic, acknowledged that the decline in civil aviation sales final yr was “dramatic”, “Job loss in our high-tech business was nonetheless restricted in 2020, with the quantity of workers down 8,200. This was as a consequence of the influence of the short-time work allowance. We count on a bigger contraction this yr and in 2022.” used the phrase.