Airbus (EURONEXT:AIR) pushed production and profit targets while unveiling a €5bn buyback, securing big orders—from SMBC’s 100 A320neos to multiple China deals and Riyadh/Flynas follow-ons—and said easing engine supply and steadier aftermarket demand keep 2026–2029 targets on track.

Previous Week Recap

  • Airbus Targets 2026 Delivery, Buyback: Airbus (AIR) unveiled a €5bn three‑year buyback, raised mid‑term EBIT and reiterated 2026 delivery and profit targets, and outlined production ramps across A320, A220, A350 and A330 lines.
  • Engine Supply Constraints Easing: Airbus presses Pratt & Whitney and CFM for extra engines to meet production targets; engine supply constraints easing, maintenance disruption cut substantially, and CEO expects resolution by 2028.
  • SMBC Orders 100 A320neos: SMBC Aviation Capital ordered 100 Airbus A320neo-family jets (65 A321neo, 35 A320neo). Deliveries start in early 2030s. Order revealed during Farnborough Airshow as part of a 200-plane deal
  • Citi: 2029 EBIT Conservative?: Citi says Airbus’s 2029 adjusted EBIT target of €12–13B may be conservative given EUR/USD (~1.22) and rising defense spending; Defense & Space EBIT guided ~€1.3B. Shares climbed ~7.1% to €208.50.
  • Shanghai Filings: Major Orders: Airbus reported Shanghai filings: Air China ordered 15 A350‑900s and 40 A320neo-family jets (~$12.4B); Hainan Airlines ordered 40 A320neo jets (~$5.36B); total orders about $17.76B.
  • Backlog, Demand Steady: Airbus (AIR) has a sizable order backlog, steady aftermarket demand and easing supply‑chain issues, supporting ongoing production and strong new‑aircraft demand.
  • H1 2026 Deliveries Rise: Airbus (AIR) reports H1 2026 deliveries up 15% vs H1 2025; CEO Faury says engine supply stabilisation keeps full-year target of 870 aircraft on track.
  • Engine Groundings Improving: Airbus (AIR) traders: Pratt & Whitney says engine-related groundings for the A220 are nearly eliminated, while A320neo family groundings peaked around 500 aircraft and are improving.
  • Flynas Adds 25 Jets: Airbus (AIR): Flynas ordered 25 more jets — 5 A330-900neo and 20 A321neo — boosting its Airbus commitments to 235 aircraft; Flynas now holds 20 A330neos, 56 A321neos and operates 67 Airbus planes.
  • Riyadh Air A350-1000 Orders: Airbus (AIR): Riyadh Air firmed order for six A350-1000s, raising its confirmed A350-1000 orders with Airbus to 31; total potential A350-1000 fleet may reach 50. No prices disclosed.

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.