Airbus closed 2025 with one of the strongest performances in its history, delivering 793 commercial aircraft, recording €7.1 billion in EBIT Adjusted, and ending the year with a record backlog of 8,754 aircraft, underscoring the depth of global demand despite continuing supply chain disruptions.
The European manufacturer announced its full-year results on Thursday, describing 2025 as a “landmark year” marked by strong customer demand, rising revenues and improved profitability across all core business divisions.
“2025 was a landmark year, characterised by very strong demand for our products and services across all businesses, a record financial performance, and strategic milestones,” Airbus Chief Executive Officer Guillaume Faury said, highlighting the company’s ability to meet guidance despite significant shortages in Pratt & Whitney engines affecting production rates.
Strong delivery performance amid supply-chain pressure
Airbus delivered 793 commercial aircraft in 2025, up from 766 the previous year, including:
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607 A320 Family aircraft
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93 A220s
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57 A350s
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36 A330s
The delivery performance came despite persistent bottlenecks in the global aerospace supply chain, particularly the inability of Pratt & Whitney to supply engines at the rate required for Airbus’ narrowbody programmes.
The engine shortfall is now influencing Airbus’ production planning. The manufacturer expects to reach a production rate of between 70 and 75 A320 family aircraft per month by the end of 2027, stabilising thereafter, while the A220 ramp-up is being pushed out to a target of 13 aircraft per month by 2028.
Financial results driven by demand and operational improvements
Airbus reported consolidated revenues of €73.4 billion, a 6% increase year-on-year, while adjusted EBIT rose sharply to €7.1 billion, reflecting higher deliveries, improved hedge rates and lower R&D costs.
Reported EBIT stood at €6.1 billion, while net income reached €5.2 billion, translating into earnings per share of €6.61.
Free cash flow before customer financing came in at €4.6 billion, supporting a proposed dividend increase to €3.20 per share, reflecting management confidence in ongoing financial performance.
The company ended the year with a gross cash position of €27.2 billion and a net cash position of €12.2 billion, strengthening its balance sheet as it continues industrial expansion.
Orders remain exceptionally strong
Demand for new aircraft showed little sign of slowing.
Airbus recorded 1,000 gross commercial aircraft orders in 2025, resulting in 889 net orders after cancellations. The order backlog now stands at a record 8,754 aircraft, representing many years of future production.
The strength of demand extended beyond commercial aviation. Airbus Helicopters registered 536 net orders, while Airbus Defence and Space recorded a record order intake of €17.7 billion, helped by growing defence spending globally.
Overall consolidated order intake reached €123.3 billion, producing a company-wide book-to-bill ratio above one.
Defence and helicopters drive diversified growth
The company’s broader portfolio also contributed significantly to results.
Airbus Helicopters increased revenues by 13% to €9.0 billion, supported by strong military demand and growth in services.
Airbus Defence and Space posted a major recovery, with adjusted EBIT rising to €798 million compared with a loss in the prior year, reflecting the impact of an ongoing transformation plan.
Meanwhile, progress continued on strategic defence programmes, including the A400M, with contract amendments improving delivery visibility for European customers.
2026 outlook: growth continues, but risks remain
For 2026, Airbus is targeting around 870 commercial aircraft deliveries, adjusted EBIT of approximately €7.5 billion, and free cash flow before customer financing of around €4.5 billion.
The guidance assumes no major additional disruptions to global trade, the economy, or supply chains , an important caveat as the aerospace industry continues to grapple with parts shortages and geopolitical uncertainty.
While demand remains strong, the company acknowledged that production expansion will continue to be shaped by supplier performance, particularly in engines.
Industry implications
Airbus’ results highlight the widening gap between demand for aircraft and the industry’s ability to supply them. With a backlog stretching deep into the next decade, airlines around the world — including many in Africa and other emerging markets face growing pressure from delayed deliveries, higher lease rates, and constrained fleet growth.
For Airbus, however, the numbers signal a company successfully managing one of the most complex industrial ramp-ups in aviation history.
As Guillaume Faury put it, global demand continues to underpin Airbus’ long-term growth trajectory even as the manufacturer navigates what remains a fragile and highly constrained aerospace supply chain.
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