Safran revenues fell 8.8% in first quarter, claims sufficient liquidity
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PARIS (Reuters) - France's Safran reported an 8.8% drop in like-for-like first-quarter revenue as the coronavirus crisis began to weigh on its aircraft engines and interiors activity.The world's third-largest aerospace supplier said the month of March, when lockdowns were first implemented in Europe to halt the spread of the disease, saw a 20.4% drop after a slight decrease in the first two months in line with earlier forecasts.Safran said it had "sufficient liquidity" with 3.2 billion euros of..