Bankinter | 2025 good cash generation, but supply chain issues persist. Production acceleration target lowered. Key figures from Q4 2025 results versus the company’s own consensus estimate: Sales €25.984 billion (up 5.1% year-on-year) versus €26.513 billion estimated; Reported EBIT €2.717 billion (up 3.9% year-on-year versus €2.800 billion estimated) and net profit €2.580 billion (up 13.5%) versus €2.361 billion estimated. In Commercial Aircraft (74% of reported EBIT in 2025), deliveries totalled…

Link Securities | Airbus (AIR) Chief Executive Officer Guillaume Faury warned his staff that the aircraft manufacturer must be prepared to adapt to new risks. The Airbus CEO faced significant logistical and financial damage from US protectionism and trade tensions between the United States and China last year, according to the newspaper Expansión. The start of 2026 is marked by an unprecedented number of crises and disturbing geopolitical events, Faury…

Banco Sabadell | Airbus published earlier this week, after the market closed, that it had delivered 136 aircraft during December (versus 72 in November 2025 and 123 in December 2024), bringing the total deliveries for 2025 to 793 (versus 766 in 2024, an increase of 3.5%), thus meeting its target of delivering around 790 aircraft this year, which, we recall, it revised downwards in early December ’25 (from 820 aircraft)…

Deutsche Bank | Christophe Menard: Airbus (AIR) successfully met its revised delivery forecasts for 2025 thanks to an unprecedented rebound of 102 aircraft in the second half of December, demonstrating its resilience and ability to ramp up production ahead of 2026. This strong performance warrants a longer-term valuation assessment, shifting the focus to 2028. Accordingly, we have raised our target price from £222 to £250, reflecting the shift to the…

Banc Sabadell | Airbus (AIR) would have delivered 793 aircraft in 2025 (against 790 aircraft in its revised guidance) after accelerating deliveries in the last days of the year, according to Bloomberg. If this figure is confirmed, they would have been able to deliver 136 aircraft in December (as opposed to 72 in November and 123 aircraft in December 2024; up 10.6%). Assessment: Pending confirmation of the final number of…

Alphavalue/Divacons | The aerospace and defence company and Air China have formalised an order for 60 A320neo aircraft, valued at $9.53 billion at list price, with deliveries between 2028 and 2032. The Chinese airline is seeking to modernise its fleet, improve operational efficiency and reduce emissions, given that the A320neo consumes around 20% less fuel. Airbus: Add, Target Price €227/share.

Link Securities | According to Bloomberg, citing people familiar with the matter, Airbus (AIR) has delivered 90 civil aircraft so far in December, while another 35 aircraft have completed customer acceptance flights, so the company does not believe it needs to cut its target of 790 aircraft delivered in 2025 for the second time in just a few weeks .

Link Securities | According to the newspaper Expansión, aerospace giant Airbus (AIR) has been one of the major beneficiaries, along with INDRA (IDR) and Navantia, of the special modernisation programmes (PEM) launched by the Spanish government. Under the PEMs, Airbus has secured a contract with the Ministry of Defence to manufacture 18 C295 military transport aircraft, which will replace the current CN235 and C212 aircraft. These aircraft will be used…

Bankinter | Airbus has announced four contracts for the acquisition of 100 helicopters, as part of the National Helicopter Plan announced in May, worth around €4 billion and to be delivered between 2027 and 2031. Airbus Helicopters will strengthen its capabilities in Spain, creating more than 300 highly skilled jobs. The Albacete plant will have a new military helicopter customisation centre and an international training centre for pilots. Analysis team’s…

Alphavalue / Divacons | The aerospace and defence company has released its delivery figures for November. The company has confirmed 72 deliveries following an industrial failure that slowed down production. The figure is lower than in previous months, and the company will need a very strong December to meet its annual target. On the other hand, the quality issues detected by Airbus in a limited number of metal sheets in…