US EditionAirbus Profits Slide as Deliveries Drop
- Airbus reported a 52% decline in adjusted operating profit to €300 million, missing FactSet expectations, while total revenue fell 7% as the company delivered 114 commercial aircraft versus 136 last year.
- Engine shortages from supplier Pratt and Whitney forced Airbus to reiterate guidance for 870 commercial aircraft deliveries in 2026, below the roughly 880 analysts expected.
- Last week, Boeing reported a narrower-than-expected loss for the first quarter, showing improvements across its commercial aircraft unit as market sentiment toward Airbus has soured.
- CEO Guillaume Faury said the company continues ramping up production "while navigating the shortage of Pratt and Whitney engines," while monitoring potential impacts from Middle East conflicts.
- UBS analysts noted earlier this month that Airbus faces "limited impacts arising from the disruption around the Strait of Hormuz," believing sufficient replacement demand makes a shortfall unlikely despite elevated fuel prices.
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35 Articles
The German-French aircraft manufacturer Airbus is reducing both earnings before taxes and sales in the first quarter. The Group is able to deliver significantly fewer aircraft than in the same period last year. A particular problem with the company's suppliers is responsible for this.
European aircraft manufacturer Airbus is struggling with significantly lower profits in the first quarter of this year. This is primarily because aircraft deliveries in that period fell to their lowest level since 2009.
UPDATE 1-Airbus misses profit estimates as deliveries slow amid engine crunch
(Adds details and context on deliveries, engine delays, defence business in paragraphs 4,6-7) By Gianluca Lo Nostro April 28 Reuters) - Europe's Airbus posted a sharp drop in first-quarter core profit on Tuesday, falling well below market expectations as the world's largest planemaker delivered fewer aircraft and was hurt by a weaker U.S. dollar.
Due to stagnant jet deliveries and the weak dollar, the world's largest aircraft manufacturer's operating business has collapsed by more than half to $300 million.
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