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Airbus

PublicEPA: AIRFounded 1970🇪🇺Leiden, Netherlands / Toulouse, FranceCEO Guillaume Faury

Airbus is Europe's largest aerospace company, spanning commercial aircraft, helicopters, defence and space.

01

Overview

In civil aviation it remains Boeing's only true peer at global scale and is pairing near-term production growth with longer-term work on lower-carbon aircraft technologies, future single-aisle designs and hydrogen propulsion. H1 2026 results on 29 July showed revenue EUR 33.2B (+12% YoY) on 351 deliveries, including a record Q2 of 237, and reaffirmed around 870 deliveries, EUR 7.5B adjusted EBIT and EUR 4.5B free cash flow before customer financing. The official September 2026 orders-and-deliveries bulletin, posted 8 October, lists 72 commercial deliveries to 37 customers, 17 gross orders, and 547 deliveries year to date to 84 customers, leaving 323 aircraft for the fourth quarter versus the around-870 target. Aerospace Global News, from the same bulletin, split September as 59 A320 family (37 A321neo, 21 A320neo, one A319neo), eight A220s, two A330neos and three A350-900s, with 1,105 net orders after 69 cancellations and a 9,310 backlog. A350F prototype MSN700 first flew from Toulouse on 29 September (official 4 hours 10 minutes, 25,000 feet); the over-9-month / about 400-hour campaign is under way, with first delivery still targeted H2 2027. Amparo Moraleda assumed Board Chair on 1 October, succeeding Rene Obermann; the same meeting co-opted ASML CEO Christophe Fouquet and named Mark Dunkerley lead independent director. Spain workers approved the ministry-mediated labor proposal on 30 September-1 October (union figures 10,269 yes / 76.76%). On 2 October Airbus Defence and Space delivered the first 32 next-generation OneWeb satellites to Eutelsat from Toulouse, the first of 669 refresh spacecraft. Airbus called Avolon's 9 October 110-jet package (35 A330-900s and 75 A320neo Family) a firm order; Avolon's same-day note said it remains subject only to Bohai Leasing shareholder approval expected before the end of October. The 7 October Biman firm order for four A350-900s and six A321neos did not state delivery years. Airbus still has not named the A321neo stringer-coatings supplier on its own site; a 28 September Reuters reprint said Airbus declined to name suppliers while attributing work at TESI and a 500-aircraft alert including 250 still in production. 9m 2026 results are due 28 October.

airbus.comUpdated Oct 12, 2026

Analysis · 5 min read · Jun 18, 2026The long view on Airbus: strategy, technology and what to watch

02

What's next17

  1. 2026-2027

    Convert Vietnam Airlines MoU and Vietravel LOI into firm orders

    Target2026-2027 (conversion); 2029 (Vietravel deliveries if firmed); 2033-2034 (Vietnam Airlines A350s if firmed)

    On September 10, 2026 in Paris, Vietnam Airlines signed a memorandum of understanding for five A350-900s with deliveries planned for 2033-2034, part of a stated priority to acquire 30 widebodies beyond 2030. Vietravel Airlines signed a letter of intent for 20 A220s and 30 A321-family jets, with deliveries expected from 2029. Neither instrument is a firm order. Watch whether purchase contracts follow, which is what would add the 55 aircraft to Airbus's backlog rather than leaving them as diplomatic paper.

  2. 2026

    Finalize Spain-Poland A330 MRTT joint procurement contract

    TargetContract negotiations following August 2026 framework approval; Polish deliveries targeted by 2030

    Spain's Council of Ministers approved a EUR 5.4 billion (~$6.3B) seven-year framework agreement on August 25, 2026 for the joint procurement of seven A330 MRTT tankers with Poland (three for Spain, four for Poland), financed in part via the EU's SAFE loan instrument and assembled at Airbus's Getafe site. The framework sets the stage for definitive contract negotiations between the two governments and Airbus; Poland's four tankers are targeted for delivery by 2030. As of September 13, 2026 no definitive contract signature had been announced.

  3. 2026

    Spain workforce referendum on the labor proposal

    TargetHearing September 24, 2026; vote date TBD if the court later permits; trial November 4, 2026

    Spain's Audiencia Nacional provisionally suspended Airbus's binding Spain-workforce referendum on September 18, 2026, granting CGT's emergency precautionary measures. The vote that had been set for September 24-25 across Getafe, Illescas, Albacete, Cadiz, Tablada and San Pablo is frozen until a hearing on Thursday September 24; the full strike-rights trial is listed for November 4, 2026. If the court later permits a vote, Airbus would have to set a new date. The ministry-mediated proposal with UGT, ATP, CCOO and SIPA still restores real-IPC pay and a 7.95% purchasing-power recovery through 2029. Pickets have been paused since September 9; the indefinite strike call remains in force. Airbus has said that if the proposal is not ratified, the April framework that triggered the dispute would apply and it is not in a position to reopen talks.

  4. 2026

    First flight and entry into service for the A350F

    TargetFirst flight tentatively September 24, 2026 (could slip into early October); first delivery still targeted H2 2027

    Airbus rolled the first A350F flight-test aircraft out of the paint shop at Toulouse on August 19, 2026 in a parcel-liveried scheme, with Reuters reporting the company is targeting late September for first flight, centered on a preferred date around September 24, and able to slip into early October on technical issues or weather. Airbus's own public guidance remains the broader 'later in 2026' window. As of September 19, 2026 no first-flight announcement had been made. Airbus still expects first customer delivery in the second half of 2027, though commercial-aircraft flight-test campaigns typically run 12-15 months, putting that target at the far end of the range if certification is to be completed before the planned delivery window. The firm backlog grew to 115 A350F aircraft after eight August 2026 orders from an undisclosed customer, still led by Atlas Air's 20-aircraft order from March 2026.

  5. 2026

    Complete A350F flight-test campaign and first customer delivery

    TargetOver 9 months / about 400 flight hours after 29 Sept 2026; EASA certification targeted mid-2027; first delivery still targeted H2 2027

Target date passed, awaiting update · 1

  1. Oct 1, 2026

    Board chair transition to Amparo Moraleda

    Rene Obermann will step down as Chair of the Airbus Board of Directors effective October 1, 2026, after informing the Board he will not seek a new mandate at the 2027 AGM. The Board has designated Amparo Moraleda, a board member at A.P. Moller-Maersk, CaixaBank and Vodafone and former COO of Iberdrola's international division, to succeed him as Chair from that date. Re-verified September 19, 2026: no later change to the succession date has been announced.

03

Latest news38

  1. Airbus links German and Swedish air defenses on Crete

    Airbus said that during NATO exercise SPARTAN ARROW 26 on Crete it connected a German IRIS-T SLM and a Swedish Patriot to the German SAMOC command post for the first time, and also linked the German Army's short-range LeFlaSys. Airbus called the all-German crew's first IRIS-T live firing a prerequisite for NATO certification and said Sweden's first independent Patriot firing through the network marked NATO certification of those Swedish systems. Janes reported that the German defence ministry announced the IRIS-T live firing on Oct. 14 and that the Swedish Armed Forces called the Patriot shots their first live-fire exercise.

    www.airbus.com www.janes.com

  2. Airbus flies the U740 Valkyrie in Europe

    Airbus said on 12 October 2026 that it and Kratos completed the first European flight of the U740 Valkyrie, including a rocket-assisted takeoff and speeds up to Mach 0.8. Airbus Defence and Space CEO Michael Schoellhorn told Reuters the flight was on 29 September over northern Europe and that Airbus's MARS mission system was not yet on board, with the next MARS test aimed at the first quarter of 2027. The companies said they are targeting a combat-ready collaborative combat aircraft by 2029; no order was disclosed.

    www.airbus.com www.investing.com

  3. Airbus delivers first 32 OneWeb refresh satellites

    On Oct. 2, 2026 Airbus Defence and Space said it delivered the first 32 next-generation OneWeb LEO satellites to Eutelsat from Toulouse. Eutelsat said the batch is the first of 669 refresh satellites and is being prepared for shipment to an upcoming SpaceX launch in the United States, without naming a launch date. The spacecraft will replace aging first-generation OneWeb satellites.

    www.airbus.com eutelsat-com.mynewsdesk.com + Eutelsat OneWeb

  4. Airbus confirms A321neo coating lapse on about 500 jets

    Airbus confirmed a surface-protection shortfall on stringers in the lower forward fuselage of A321neo aircraft, affecting more than 500 jets including about 250 still in production, and said safety is unaffected. Reuters reported on September 28 that Airbus and Leonardo are investigating coatings supplier TESI, a Leonardo subcontractor near Naples; Airbus declined to name suppliers, and Leonardo confirmed TESI is a supplier without saying it is involved. Airlines taking delivery get two years to complete a repair that sources said can take up to nine days; Airbus reaffirmed its 2026 delivery target.

    theaircurrent.com www.lse.co.uk

  5. Airbus converts Broughton A380 shop to A321 wings

    Airbus said September 21 it is investing 150 million pounds to convert the former A380 wing plant at Broughton, Wales into an A321 wing line with six jigs, an equipping line and a paint shop, feeding a backlog of around 7,500 A320 Family aircraft. The first wing is already in work, all jigs are due to be operational by year-end, and Airbus said the project supports the ramp toward rate 75. UK reporting put about 480 new Broughton jobs in 2026, including 250 in the refurbished factory.

    Airbus BBC Aviation Week

04

Products6

05

Key metrics

Employees
168,754
Est. annual revenue
EUR 73.4B

(FY 2025, +6%); EUR 33.2B in H1 2026 (+12% YoY) - still the latest disclosed figures as of Sept. 19, 2026 (Q3 2026 results not yet released)

Revenue (FY 2025)
EUR 73.4B

adjusted EBIT EUR 7.1B, +33% YoY; net income EUR 5.2B; 793 deliveries: 93 A220, 607 A320 Family, 36 A330, 57 A350

Q1 2026 Revenue
EUR 12.65B

(-7% YoY); adjusted EBIT EUR 300M (-52%); free cash flow before customer financing EUR -2,485M, mainly reflecting the low delivery volume and planned inventory build-up

Employees
168,754 as of 30 June 2026

+2% vs 165,294 at FY 2025 year-end

Q1 2026 Commercial Deliveries
114 aircraft

19 A220, 81 A320 Family, 3 A330, 11 A350

Commercial Backlog (Aug 2026)

A320 Family outstanding backlog 7,577 at end-August 2026 (including 5,691 A321neos), per Airbus's Sept 15 Toulouse delivery-centre announcement; group commercial backlog was 9,352 at end-July

August 2026 Deliveries (official)
57 aircraft in August

(10 A220-300, 1 A319neo, 16 A320neo, 26 A321neo, 1 A330-900, 3 A350-1000) to 31 customers; YTD deliveries 475 (+9% vs 434 a year earlier). 67 gross orders in August incl. eight A350F freighters that lifted the A350F firm backlog from 107 to 115. Still below the roughly 99/month pace needed through year-end to hit the 870-aircraft target

2026 Delivery Guidance
~870 commercial aircraft

~EUR 7.5B adjusted EBIT; ~EUR 4.5B FCF (reaffirmed at Q1, at Farnborough in July, and again with H1 results on July 29; still the official target as of September 19, 2026)

Q2 2026 Standalone Results
237 aircraft delivered

(+39% YoY vs. 170 in Q2 2025); revenue EUR 20.53B (+28% YoY); adjusted EBIT EUR 2.43B (+54% YoY); net income EUR 1.66B (+126% YoY), EPS EUR 2.10 - the quarter that pulled H1 back on track after the weak Q1

2026 Deliveries (H1)
351 aircraft in H1 2026

(89 in June) - up about 15% YoY (306 in H1 2025) and the strongest first half since 2019, with 886 gross / 821 net orders logged through June per official H1 2026 results. Airbus is internally targeting 900+ deliveries for the full year, above its official 870 guidance.

June 2026 Orders/Deliveries
89 deliveries in June

(82 single-aisle incl. 73 A320neo family + 9 A220; 7 A350 widebody); 351 delivered in H1. May had 81 deliveries / 379 gross orders.

July 2026 Deliveries (official)
67 aircraft to 39 customers

(6 A220-300, 18 A320neo, 37 A321neo, 4 A350-900, 2 A350-1000) and 204 gross orders; down from June's 89 and below the ~85-90/month pace needed to hit the 870-aircraft full-year target. YTD deliveries reached 418 to 82 customers, ahead of 373 at the same point in 2025

A220 Family Orders
1,100+ firm orders as of end-June 2026

(surpassed 1,000 in May 2026 after AirAsia's landmark 150-aircraft order; BermudAir joined as the newest A220 customer with a 10-aircraft A220-300 order at Farnborough in July), growing further after airBaltic firmed 10 more A220-300s in August 2026

A320 Family Lifetime Orders
20,378 total orders as of end-July 2026

(up from 20,169 at end-May), with 12,798 delivered and 11,308 currently in service; 7,739 of the total are A321neos, the most-ordered single variant

2026 Net Orders (YTD)

1,091 net commercial orders through August 2026 (1,157 gross orders less 66 cancellations). August added 67 gross orders, including eight A350F freighters that lifted the A350F firm backlog from 107 to 115

Farnborough 2026 Orders

~157 firm Airbus commercial orders plus commitments (of a show-wide $84.7B / 353 firm aircraft across all OEMs), headlined by SMBC Aviation Capital's 100 A320neo family and Vietjet's 20 A330neo (~$7.4B); plus Riyadh Air 6 + Philippine Airlines 9 A350-1000, flynas 20 A321neo + 5 A330-900, and BermudAir 10 A220-300 (new customer)

H1 2026 Revenue
EUR 33.2B

(+12% YoY); net income EUR 2,243M (+47% YoY), EPS EUR 2.84; 351 deliveries (44 A220, 271 A320 family, 10 A330, 26 A350)

H1 2026 Free Cash Flow
EUR -1,043M

(free cash flow); EUR -1,166M before customer financing (H1 2025: EUR -1,610M) - mainly working-capital and inventory build-up ahead of the H2 delivery ramp needed to still hit the ~EUR 4.5B full-year FCF-before-customer-financing guidance

Share Buyback (Jul 2026)
EUR 5B

(~$5.7B) programme announced July 26, 2026 alongside raised medium-term financial targets

China 20-year demand forecast (GMF 2026)
7,480 single-aisle jets

(down from 7,950 a year earlier) and 8,830 passenger plus cargo aircraft in total; Airbus cites high-speed rail as about a 10% drag on domestic journeys under six hours

OneWeb refresh satellites (Airbus-built)

669 new satellites after the Sept 10, 2026 Eutelsat ATP for 229 more on top of 440 already procured; built in Toulouse

A321neo stringer coating scope (Sep 2026)

Reuters: 500 aircraft quality alert, 250 still in production, TESI unnamed by Airbus; around-870 2026 deliveries reaffirmed 25 Sep. Industry sources: about 50 September deliveries so far, up to 20 slipped into Q4.

A350F MSN700 first flight

Flown 29 Sept 2026 from Toulouse: 4 hours 10 minutes, 25,000 feet. Over-9-month / about 400-hour campaign begun. First delivery still targeted H2 2027.

Spain labor referendum (1 Oct 2026)
Proposal approved: 10,269 yes

(76.76%), 2,710 no (20.26%), 399 abstentions; about 87% turnout. Airbus: clear path, still much to do after the 20% no vote.

September 2026 deliveries (official)
Unpublished as of 4 Oct 2026

O&D page still August: 57 deliveries, 475 YTD. Bulletin due 8 Oct. Wagner very confident of around 870. Airbus declined to comment on provisional totals.

September 2026 deliveries (official)
72 aircraft to 37 customers

17 gross orders; 547 year to date to 84 customers. 323 still needed in Q4 versus around-870.

Avolon 110-jet Airbus order (9 Oct 2026)

Airbus: firm order for 35 A330-900s and 75 A320neo Family jets (Avolon A330-900 total 114; A320 Family some 650). Avolon: plus 100 options; remains subject only to Bohai Leasing shareholder approval expected before end-October.

06

Operations & revenue

Operating status

Operating; SAMOC linked German and Swedish defenses in Crete

On 14 October 2026 Airbus said it connected a German IRIS-T SLM and a Swedish Patriot to SAMOC during NATO exercise SPARTAN ARROW 26 in Crete, and linked the German Army LeFlaSys. Airbus called the German live firing a prerequisite for NATO certification and said the Swedish Patriot firing marked NATO certification of those systems. The U740 Valkyrie European flight reported on 12 October, the 547 deliveries through September, and Avolon's Bohai shareholder condition remain on the record.

Revenue streams

  • Commercial Aircraft

    Design, manufacturing, and support for the A220, A320 Family, A330neo, A350 and freighter derivatives. This remained Airbus's largest business in 2025 with EUR 52.6 billion in revenue.

  • Defence and Space

    Military aircraft, satellites, launch-related systems, secure communications and other sovereign aerospace capabilities. Airbus Defence and Space generated EUR 13.4 billion of revenue in 2025. In September 2026 the unit added an Eutelsat ATP for 229 more OneWeb satellites (669 refresh total), the IRIS2 first-layer start (66+ LEO satellites for 2029 delivery), and France's CASSIOPÉE SIGINT-satellite award with Unseenlabs.

  • Helicopters

    Civil and military rotorcraft plus aftermarket services, with products spanning light utility, offshore, emergency medical, law-enforcement and military missions. Helicopters generated EUR 9.0 billion of revenue in 2025.

07

Track record

How past announced dates turned out.

3/4announced dates hit on time

  • 3 Hit
  • 1 Slipped
  • 0 Missed
  1. Hit

    Publish official September 2026 deliveries and whether around-870 guidance changes

    Target Airbus monthly industrial bulletin scheduled 8 October 2026 · Resolved Oct 8, 2026

    Official Airbus orders-and-deliveries page posted the September 2026 bulletin: 72 commercial deliveries to 37 customers, 17 gross orders, and 547 deliveries year to date to 84 customers. IR guidance still around 870, so 323 remain for Q4.

  2. Hit

    Hold Spain workforce referendum on the labor proposal

    Target 30 September-1 October 2026 · Resolved Oct 1, 2026

    Binding referendum 30 Sept-1 Oct closed at 17:00. Union figures: 10,269 yes (76.76%), 2,710 no (20.26%), 399 abstentions, about 87% turnout. Airbus said the result sets a clear path while the 20% no vote shows more work remains. Strike pickets paused since 9 Sept; Airbus did not announce that the indefinite call was lifted.

  3. Hit

    Fly A350F prototype MSN700 for the first time

    Target 29 September 2026, 10:20 GMT+2, subject to weather · Resolved Sep 29, 2026

    Official 29 Sept 2026 PR: MSN700 flew 4 hours 10 minutes to 25,000 feet from Toulouse, starting an over-9-month flight-test campaign. Aviation Week: takeoff 10:30 local, certification targeted mid-2027, first deliveries H2 2027.

  4. Slipped

    Spain workforce referendum on the labor proposal

    Target September 24-25, 2026 · Resolved Sep 18, 2026

    Spain's Audiencia Nacional provisionally suspended the binding September 24-25 referendum on September 18 after granting CGT's emergency precautionary measures. A hearing is set for September 24 and the full strike-rights trial for November 4. If the court later permits a vote, Airbus would have to set a new date. The nextSteps entry has been re-dated to that court calendar.

08

Timeline71

  1. 2026

    1. Aviation Capital Group firms 75 A320neo Family jets

      On 16 October 2026 Airbus said Aviation Capital Group signed a firm order for 75 A320neo Family aircraft, taking its historical total for the type to 190. The release states no delivery year and no contract value. Chief executive Thomas Baker called it the largest order in the company's nearly 40-year history.

    2. Links German and Swedish air defenses in Crete

      On 14 October 2026 Airbus said that during NATO exercise SPARTAN ARROW 26 in Crete it connected a German IRIS-T SLM and a Swedish Patriot to the German SAMOC command post for the first time, and networked the German Army's LeFlaSys short-range system. Airbus said an all-German crew's first IRIS-T SLM live firing was a prerequisite for official NATO certification, and that Sweden's first independent Patriot live firing through the network marked NATO certification and validation of the Swedish systems. Janes reported that the German defence ministry announced the IRIS-T live firing the same day and that Swedish commanders described a full operational capability.

    3. Flies U740 Valkyrie in Europe

      On 12 October 2026 Airbus said it and Kratos completed the first European flight of the U740 Valkyrie, including a rocket-assisted runway-independent takeoff and speeds up to Mach 0.8. CEO Michael Schoellhorn told Reuters the flight was on 29 September over northern Europe and that the MARS mission system was not yet aboard. He said the next MARS test is aimed at the first quarter of 2027, with Eurofighter teaming later that year. Airbus is targeting a combat-ready collaborative combat aircraft by 2029. No order was disclosed.

    4. Completes acquisition of Quarkslab

      On 1 October 2026 Airbus Defence and Space said it had finalised the acquisition of French cybersecurity company Quarkslab after regulatory approvals. Quarkslab has about 100 employees, mainly in Paris and Rennes. The transaction follows Infodas in Germany in 2024 and Ultra Cyber Ltd in the UK in March 2026.

    5. Avolon orders 110 jets; Biman firms four A350-900s and six A321neos

      On 9 October 2026 Airbus said Avolon placed a firm order for 110 aircraft: 35 A330-900s and 75 A320neo Family jets, taking Avolon's A330-900 total to 114 and A320 Family total to some 650. Avolon's own same-day note said the Airbus package, plus 140 Boeing 737 MAX jets, remains subject only to Bohai Leasing shareholder approval expected before the end of October. On 7 October Airbus said Biman Bangladesh Airlines signed a firm order for four A350-900s and six A321neos; the release did not state delivery years or value.

    6. Publishes September 2026 orders and deliveries

      On 8 October 2026 Airbus's orders-and-deliveries page listed 72 September commercial deliveries to 37 customers, 17 gross orders, and 547 deliveries year to date to 84 customers. Aerospace Global News, from the same bulletin, said the A320 family accounted for 59 of the 72 (37 A321neos, 21 A320neos, one A319neo), plus eight A220s, two A330neos and three A350-900s, with 1,105 net orders after 69 cancellations, a 9,310 backlog, and 323 still needed in the fourth quarter versus around 870.

    7. Delivers first 32 OneWeb refresh satellites to Eutelsat

      On Oct. 2, 2026 Airbus Defence and Space said it delivered 32 latest-generation OneWeb LEO satellites to Eutelsat from its Toulouse constellation line, the first wave of Eutelsat's 669-satellite refresh. The satellites were being prepared for shipment ahead of an upcoming launch in the United States. Eutelsat named SpaceX as the launcher without a date.

    8. Amparo Moraleda becomes Board Chair

      On 1 October 2026 Amparo Moraleda assumed the role of Chair of the Airbus Board of Directors, succeeding Rene Obermann, as previously announced. The same board meeting co-opted ASML CEO Christophe Fouquet to complete Obermann's remaining term and designated Mark Dunkerley as Chair of the Remuneration, Nomination and Governance Committee and Lead Independent Director.

09

Funding

  1. IPO (as EADS)

    2000

    Listed on Paris, Frankfurt, Madrid exchanges

    Public markets

All Civilian Aircrafts