Airbus delivered 114 commercial aircraft in the first quarter of 2026, down from 136 in the same period of 2025. The deliveries included 19 A220s, 81 A320 Family jets, 3 A330s, and 11 A350s.
The decline reflects ongoing shortages of Pratt & Whitney geared turbofan (GTF) engines, which power many A320neo family aircraft. Airbus Chief Financial Officer Thomas Toepfer stated during the earnings call that the supply situation remains unchanged from prior updates, with Pratt & Whitney’s delivery projections for 2026 holding steady. A manufacturing defect discovered in 2023 has led to mandatory inspections, grounding around 637 of 1,334 affected aircraft and overwhelming maintenance facilities, where inspection times have extended to over 300 days.
Consolidated revenues fell 7% year-on-year to €12.7 billion, with Airbus commercial aircraft activities reporting EBIT adjusted of €81 million, down from €494 million, due to lower deliveries and unfavorable hedge rates. Gross orders reached 408 aircraft, yielding net orders of 398 after cancellations, boosting the backlog to 9,037 jets.
Airbus Helicopters delivered 56 units, up from the prior year, while Airbus Defence and Space showed improved profitability. The company maintained its full-year guidance of around 870 commercial aircraft deliveries, €7.5 billion in EBIT adjusted, and €4.5 billion in free cash flow before customer financing.
Pratt & Whitney has invested $102.7 million to expand maintenance capabilities, including new facilities in Texas and Florida, to address the GTF backlog expected to continue into 2026.