Airbus reports falling profts as jet deliveries slow
Airbus reported a 52% drop in adjusted operating profit to 300 million euros in the first quarter, citing slower jet deliveries and Pratt & Whitney engine shortages. Sales fell 7% to 12.65 billion euros, though the company maintained its 2026 delivery target of 870 aircraft. Despite lower deliveries, gross commercial aircraft orders rose 46% to 408. CEO Guillaume Faury emphasized ongoing production ramp-up amid supply chain challenges and geopolitical monitoring.
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Airbus reported quarterly profits that halved from a year ago late Tuesday, as deliveries of its best-selling aircraft slowed.First-quarter sales came in at 12.65 billion euros ($14.82 billion) while earnings per share (EPS) were 74 euro cents. Analysts polled by FactSet had expected sales of 12.58 billion euros and EPS of 44 euro cents. On an adjusted basis, operating profit declined by 52% to 300 million euros, down from 624 million euros in the same period last year and far below FactSet expectations of 378 million euros.Airbus had already disclosed that it delivered 114 commercial aircraft in the first quarter, versus 136 aircraft in the same quarter last year.Airbus reiterated the guidance it issued in mid-February to deliver 870 commercial aircraft in 2026, fewer than the roughly…
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