At the July 2016 Farnborough Airshow Airbus announced that in a "prudent, proactive step," starting in 2018 it expected to deliver 12 A380 aircraft per year, down from 27 deliveries in 2015. The firm also warned production might slip back into red ink (be unprofitable) on each aircraft produced at that time, though it anticipated production would remain in the black (profitable) for 2016 and 2017. "The company will continue to improve the efficiency of its industrial system to achieve breakeven at 20 aircraft in 2017 and targets additional cost reduction initiatives to lower breakeven further." Airbus expected that healthy demand for its other aircraft would allow it to avoid job losses from the cuts.