Airbus reported a softer first quarter for 2026, with lower aircraft deliveries impacting revenues and profitability, even as order intake and defence activity remained strong.
The group delivered 114 commercial aircraft, down from 136 a year earlier, contributing to a 7% decline in revenues to €12.7 billion. Adjusted operating profit (EBIT) fell to €300 million, while reported net income reached €586 million.
Airbus said performance was affected by reduced output in its commercial aircraft division, partly due to ongoing engine supply constraints from Pratt & Whitney. Commercial aircraft revenues dropped 11% to €8.4 billion.
Despite this, the manufacturer continues to push ahead with production ramp-ups:
Demand remained robust, with 398 net aircraft orders in the quarter, nearly doubling year-on-year. Airbus ended March with a record backlog of 9,037 commercial aircraft, underlining long-term demand resilience.
Airbus’ defence division delivered a strong performance, with revenues rising 7% to €2.8 billion and improved profitability. Helicopters also saw stable revenues and increased deliveries, though margins were slightly impacted by higher R&D spending.
Free cash flow before customer financing was negative €2.5 billion, reflecting lower deliveries and inventory build-up tied to production ramp-ups. The company maintained a solid liquidity position, with €25.2 billion in gross cash.
CEO Guillaume Faury said the operating environment remains “dynamic and complex,” particularly amid geopolitical uncertainty in the Middle East. However, Airbus maintained its full-year guidance, targeting:
The results reflect a transitional phase for Airbus, balancing short-term production constraints with long-term growth driven by strong global demand for aircraft.
This post was published on 28 April 2026 18:35
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