DALLAS — Airbus kicked off 2025 with solid top-line growth and a healthy order book, despite supply-chain pressures tempering its delivery cadence.
In the first quarter ending on March 31, Airbus reported revenues of €13.5 billion, a 6% year-over-year increase, and an adjusted EBIT of €624 million, an 8% increase despite delivering six fewer commercial jets than in Q1 2024 (136 vs. 142).
Guillaume Faury, Airbus CEO, highlighted the “progress we are making on our priorities across the business,” while cautioning that “specific supply chain challenges” have back-loaded deliveries. Indeed, Airbus delivered 17 A220s, 106 A320 Family jets, four A330s, and nine A350s, aiming to ramp up the A320 line to 75 aircraft per month by 2027 and the A220 to 14 per month by 2026.
Free cash flow before customer financing narrowed its deficit to €-310 million (versus €-1.79 billion a year earlier), as Airbus built inventory to support its ramp-up; net cash stood at €11.0 billion. Reported EPS rose to €1.01 from €0.76.
Airbus Q1 2025 in Numbers
Deliveries, Production
- Total commercial jet deliveries: 136 (down from 142 in Q1 2024 and six more than Boeing)
- A220: 17
- A320 Family: 106
- A330: 4
- A350: 9
- Production ramp targets remain ambitious: A320 to 75 per month by 2027, A220 to 14 per month by 2026.
Order Intake, Backlog
- Gross commercial orders: 280 aircraft (net 204 after cancellations)
- Backlog: 8,726 aircraft, representing approximately €441 billion of future revenues (at list prices).
Outlook
CEO Guillaume Faury noted progress on key industrial ramp-ups but warned that “specific supply chain challenges” and external uncertainties—including tariff risks and the Spirit AeroSystems integration—could impact the pace of execution.
With 2025 guidance unchanged—around 820 jet deliveries, €7 billion in adjusted EBIT, and €4.5 billion free cash flow—Airbus appears on track, even as external factors like potential tariffs and Spirit AeroSystems integration add uncertainty.
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Exploring Airline History Volume I
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May 2025
