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Airbus

Mid-term outlook to 2029, 2026 to 2029

Pioneer sustainable aerospace for a safe and united world
Airbus’s CEO, Guillaume Faury, on 21 July 2026

Mid-term outlook to 2029

Airbus delivered 793 commercial aircraft in 2025 and has a backlog of 9,222. In July 2026 it set a target of €12 to 13 billion of EBIT Adjusted in 2029, from €7.1 billion in 2025, and a share buyback of €5 billion over three years.

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Commercial Aircraft

  1. RatesA320 Family at a rate of 70 to 75 a month by the end of 2027, then 75; A220 at 13 in 2028, A350 at 12 in 2028, and A330 at 5 in 2029.
  2. ServicesServices revenue of about $10 billion by 2030, from about $5 billion in 2025, at double-digit profitability.
  3. QualityHalve non-quality in Airbus’s own operations with a quality moonshot: 25% in 2026 and 25% in 2027.

Airbus delivered 351 aircraft in the first half of 2026, up from 306: 44 A220s, 271 A320 Family, 10 A330s, and 26 A350s.

The backlog was 9,222 commercial aircraft at the end of June 2026, after 821 net orders in the half.

Ten final assembly lines for single-aisle aircraft are now operating, all able to build the A321.

Production rates for about 1,260 aircraft a year

Airbus delivered 793 aircraft in 2025 and targets about 870 in 2026. Its programmes are to reach monthly rates that add up to about 1,260 aircraft a year by 2029.

A220 Family93 in 202513 a month in 2028A320 Family607 in 202575 a month after 2027, with 70 to 75 by the end of itA330 Family36 in 20255 a month in 2029A350 Family57 in 202512 a month in 2028
  • Ten aircraft delivered in 2025
  • Ten more a year at the target monthly rate

Each aircraft drawn is ten, and the outlines are still to come. The annual figure is the target monthly rate multiplied by twelve. Airbus gives monthly rates and the year each is to be reached, and expects all its programmes at target by 2029. The A320 Family is to reach 70 to 75 a month by the end of 2027 and then stabilise at 75. A glyph part-filled shows a remainder of fewer than ten.

EBIT Adjusted of €12 to 13 billion in 2029

At the middle of the range, that is around 75% more than 2025’s record of €7.1 billion. Commercial Aircraft makes most of it, rising from €5.5 billion to around €10 billion.

Commercial Aircraft
€5.5bn to around €10bn
Defence and Space
€0.8bn to around €1.3bn
Helicopters
€0.9bn to around €1.2bn

The 2029 amounts assume a euro-dollar rate of 1.22, stable trade rules, and no major disruption. They add to about €12.5 billion; the group’s 2025 EBIT Adjusted was €7.1 billion, a little less than the three businesses’ together.

5.5100.81.30.91.220252029 target€12 to 13bn€7.1bn

Airbus delivers more aircraft in the second half of the year

In 2025 it delivered 306 aircraft in the first half and 487 in the second. In 2026 it has delivered 351, and its guidance of around 870 asks for about 519 more.

Aircraft delivered a month, on average51.0First half306 aircraft81.2Second half487 aircraft58.5First half351 aircraft86.5Second half, needed519 aircraft2025, 793 delivered2026, guidance around 870

The first half of 2026, by family

44
271
10
26
  • A220
  • A320 Family
  • A330
  • A350

The 2025 second half is the year’s 793 less the first half’s 306, and the 2026 second half is 870 less the first half’s 351; Airbus reports neither. Guidance is for around 870 commercial aircraft in the year. Monthly averages divide each half by six.

  1. Pick the year every part is at full stretch.

    Airbus anchors its target in 2029 because that is the year all its programmes should be at their target rates, and its CFO says so. A320 Family at 75 a month, A350 at 12, A220 at 13, and A330 at 5 are all set for 2027 to 2029. We recommend choosing the date by which every part of the plan is running at its full rate, and stating the target for that year, not for the years in between.

  2. Say what the target assumes.

    The outlook assumes a euro-dollar rate of 1.22, stable trade rules, and no major disruption to air traffic or supply, and Airbus gives its sensitivity: about €250 million of EBIT for each point of dollar deviation by 2029. We recommend printing the assumptions and their sensitivities beside every target, so a miss can be traced to the cause.

  3. Give every division its own number.

    The €12 to 13 billion is built from about €10 billion in Commercial Aircraft, €1.3 billion in Defence and Space, and €1.2 billion in Helicopters. Each has its own drivers and its own head speaking. We recommend building a company target from parts that different people own, so that the total is a sum of commitments and not a single hope.

Sources

  1. 1. Airbus SE (2026). Business Update 2026, edited transcript. Airbus investor event, 21 July 2026. Airbus notes that the transcript is edited and that the replay is the record. mediaassets.airbus.com
  2. 2. Airbus SE (2026). Airbus to present new mid-term outlook, strengthen commitment to profitable growth and shareholder returns during investor update. Airbus press release, 21 July 2026. airbus.com
  3. 3. Airbus SE (2026). Airbus reports Half-Year (H1) 2026 results. Airbus press release, 29 July 2026. airbus.com
  4. 4. Airbus SE (2026). Airbus reports Full-Year (FY) 2025 results. Airbus press release, 19 February 2026. airbus.com
  5. 5. Airbus SE (2026). Airbus reports 793 commercial aircraft deliveries in 2025. Airbus press release, 12 January 2026. airbus.com

Headwater is not connected with Airbus SE. Airbus, A220, A320, A330, A350, and Eurofighter are trade marks of their owners. Updated 28 September 2026.

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