Airbus softens output goal amid Pratt & Whitney engine delays

Core Viewpoint - Airbus has adjusted its jet production targets downward due to significant engine supply shortages from Pratt & Whitney, impacting its production goals and financial guidance for the upcoming years [1]. Group 1: Production Targets - Airbus now aims for a narrowbody output rate of 70 to 75 jets per month by the end of next year, stabilizing at 75 per month beyond 2027, down from a previous target of 75 jets per month in 2027 [1]. - The company has been in discussions with Pratt & Whitney regarding engine supply volumes for 2026 and 2027, which are typically agreed upon 18 months in advance [1]. Group 2: Financial Performance - In the fourth quarter, Airbus reported an adjusted operating profit of €2.98 billion, reflecting a 17% increase, while revenue rose by 5% to €25.98 billion [1]. - Analysts had anticipated a profit of €2.87 billion on revenues of €26.51 billion, indicating that Airbus exceeded expectations [1]. - For 2026, Airbus forecasts 870 jet deliveries, an increase from 793 in the previous year, with an adjusted operating profit projected at around €7.5 billion [1].