Overview
- On Wednesday Airbus reported first‑half net profit of about €2.2 billion, revenue of €33.2 billion and 351 commercial aircraft delivered, up from 306 a year earlier.
- The company reconfirmed full‑year 2026 targets of roughly 870 commercial deliveries, adjusted EBIT of about €7.5 billion and free cash flow before customer financing near €4.5 billion.
- Airbus set explicit production ramp targets for key programs, including A220 to 13 a month by 2028 and A320neo to 70–75 a month by end‑2027, tying mid‑term profit goals to those rates.
- Defence and Space drove strong margin improvement with adjusted EBIT of €487 million while gross orders rose to 886 (821 net) and the commercial backlog hit about 9,222 aircraft.
- H1 free cash flow before customer financing was negative €1.166 billion because Airbus is building inventory and absorbing integration costs from former Spirit AeroSystems work packages, though gross cash stood at €23.4 billion and management says earlier engine supply issues have largely normalized.