Airbus Q1 Profit Drops 26% Amid Engine Shortages

Airbus SE reported a 26% decline in net profit to 586 million euros for the first quarter of 2026, with revenues sliding 7% to 12.65 billion euros. Adjusted operating profit fell 52% to 300 million euros. The financial downturn was driven by a slump in commercial aircraft deliveries, which dropped to 114 units from 136 in the same period last year.

CEO Guillaume Faury attributed the results to a shortage of engines supplied by Pratt & Whitney and administrative difficulties with deliveries to Chinese customers affecting nearly 20 aircraft. In response to the supply gap, Airbus initiated a process in February to enforce contractual rights against RTX, the parent company of Pratt & Whitney. RTX Chief Executive Christopher T. Calio stated that engine deliveries would increase throughout the year.

Despite these setbacks, Airbus maintains its 2026 delivery target of approximately 870 aircraft and expects an adjusted EBIT of around 7.5 billion euros. The company continues to target a production rate of 70 to 75 A320 family aircraft per month through 2025. The order book grew to 9,037 aircraft following 398 net orders during the quarter, representing nearly 10 years of production. Meanwhile, competitor Boeing delivered 143 commercial planes in the first quarter as it recovers from previous quality crises.