Deutsche Bank | There has been no significant progress in negotiations with Pratt & Whitney since the publication of Airbus’s (AIR) results. In October/November 2025, Pratt & Whitney began to backtrack on its previous commitment to deliver a certain number of engines to Airbus in 2026. Presumably, this was due to a higher-than-expected level of AOGs (aircraft on the ground). Airbus’s delivery forecast for the 2026 financial year, of around…

Alphavalue / Divacons | Atlas Air Worldwide Holdings, recognised as the world’s largest operator of Boeing 747 aircraft, announced yesterday its first order for cargo aircraft from Airbus. The airline signed a commitment for up to 40 next-generation freighters, as confirmed by its CEO, Michael Steen. The firm order covers the purchase of 20 Airbus A350F aircraft, with options to buy a further 20 at a later date. Atlas Air…

Banc Sabadell | Airbus (AIR) announced on Monday after the market closed that it delivered 35 aircraft in February (against 40 in February 2025 and 25 in January 2025), bringing the total number of deliveries in 2026 to 54 (against 65 in 2025, 17% lower). On the other hand, a total of 28 new orders and no cancellations were recorded during the month. Thus, net orders in 2026 stand at…

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 .