Air TransportAirbus targets around 870 deliveries in 2026 as engine issues slow A320neo ramp-up
Airbus said it expects to deliver around 870 commercial aircraft in 2026, as it scaled back its planned production increase for the A320neo family due to shortages of Pratt & Whitney GTF engines.
The European manufacturer reported full-year 2025 results alongside its guidance, noting that Pratt & Whitney’s failure to commit to the number of engines ordered has affected both its 2026 outlook and its ramp-up trajectory. Airbus now expects A320neo family output to reach a rate of between 70 and 75 aircraft per month by the end of 2027, stabilizing at 75 thereafter, instead of previous higher ambitions.
For 2026, Airbus also targets adjusted EBIT of around €7.5 billion (US$8.3 billion) and free cash flow before customer financing of roughly €4.5 billion (US$5.0 billion). The guidance assumes no additional disruption to global trade, air traffic, supply chains or internal operations and includes the impact of current tariffs.
In 2025, Airbus delivered 793 commercial aircraft, up from 766 a year earlier. The total included 93 A220s, 607 A320-family jets, 36 A330s and 57 A350s. Commercial aircraft revenues rose 4% to €52.6 billion (US$57.9 billion), supported by higher deliveries and services growth, partly offset by a weaker U.S. dollar.
Group revenues increased 6% year-on-year to €73.4 billion (US$80.7 billion). Adjusted EBIT reached €7.1 billion (US$7.7 billion), compared with €5.4 billion (US$5.9 billion) in 2024, when results were weighed down by charges linked to a review of space programs. Reported EBIT stood at €6.1 billion (US$6.7 billion), while net income rose to €5.2 billion (US$5.7 billion), translating into earnings per share of €6.61.
Airbus recorded gross commercial aircraft orders of 1,000 units in 2025, with net orders of 889 after cancellations. The backlog reached a record 8,754 aircraft. Consolidated order intake by value rose to €123.3 billion (US$135.6 billion), although the total order book value edged down to €619 billion (US$680.9 billion), partly reflecting U.S. dollar depreciation.
Free cash flow before customer financing totaled €4.6 billion (US$5.1 billion), broadly in line with the previous year. The company ended 2025 with a gross cash position of €27.2 billion (US$29.9 billion) and a net cash position of €12.2 billion (US$13.4 billion). The board proposed a dividend of €3.20 per share.
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