Airbus maintains delivery goals amid engine shortages

Airbus, Europe’s leading aircraft manufacturer, reaffirmed its target of delivering 870 commercial planes this year despite ongoing supply chain issues involving Pratt & Whitney engines, reports the Wall Street Journal. The company has had to slow production due to shortages but remains optimistic about meeting its delivery goals for 2026.

• Delivery targets: Airbus aims to deliver around 870 aircraft in 2026, up from 793 in 2025.
• First quarter performance: Delivered 114 planes between January and March.
• Supply chain challenges: Continued engine shortages affecting A320 production.

Airbus CEO Guillaume Faury noted during an earnings call that disagreements with Pratt & Whitney persist. However, he expressed confidence in meeting the delivery targets as Airbus navigates through supply chain complexities.

• Investor confidence: Persistent supply issues have led to a decline in Airbus shares by over 16% year-to-date.
• Competitive landscape: Boeing has seen growth due to recovery in its passenger jet business and defense segment, with stock up 5%.
• Revenue decline: Revenue fell by 7% year-over-year to €12.65 billion in Q1.
• Profit margins: Adjusted EBIT decreased by 52%, reflecting the financial strain from supply chain disruptions.

Airbus aims for adjusted EBIT of around €7.5 billion and free cash flow before customer financing of about €4.5 billion in 2026.