economy
Airbus reports falling profits as jet deliveries slow
Airbus' first-quarter adjusted operating profit declined by 52% to 300 million euros, down from 624 million euros in the same period last year.
TL;DR
- Airbus' first-quarter profits halved year-on-year, with adjusted operating profit falling 52% to 300 million euros.
- Commercial aircraft deliveries decreased to 114 from 136 in the same period last year.
- The company maintained its 2026 delivery guidance of 870 commercial aircraft but cited engine shortages from Pratt & Whitney as a constraint.
- Airbus is monitoring potential impacts of Middle East conflict on its operations.
- Commercial aircraft sales fell 11%, while defence and space grew 7%; helicopters were unchanged.
- Gross commercial aircraft orders increased by 46% year-on-year.
- Investor sentiment towards Airbus has weakened as Boeing shows signs of recovery.
- Boeing reported a narrower-than-expected loss in its first quarter and is implementing a turnaround plan.
- Analysts believe Airbus is unlikely to see a demand shortfall even with prolonged high fuel prices.