Airbus reports Half-Year (H1) 2025 results

Airbus SE today reported consolidated financial results for the Half-Year (H1) ending 30 June 2025.

"The commercial performance in the first half of 2025 has been strong across the Company," said Guillaume Faury, Airbus Chief Executive Officer. "Our H1 financials reflect transformation progress in our Defence and Space division and the lower commercial aircraft deliveries compared to a year ago. We are producing aircraft in line with our plans but deliveries are backloaded as we face persistent engine supply issues on the A320 programme. The operating environment is complex and fast-changing. On tariffs, the recent political agreement between the EU and the US to revert to a zero-tariff approach for civil aircraft is a welcome development for our industry. Our 2025 guidance, which continues to exclude the impact of tariffs, remains unchanged."

Gross commercial aircraft orders totalled 494 (H1 2024: 327 aircraft) with net orders of 402 aircraft after cancellations (H1 2024: 310 aircraft). The order backlog amounted to 8754 commercial aircraft at the end of June 2025. The company expects to deliver around 820 commercial aircraft this year.

Airbus Helicopters registered net orders totalling 171 units (H1 2024: 233 units), which were spread across the product range. Order intake by value at Airbus Defence and Space totalled 5.1 billion euro (YSS$5.9 billion) (H1 2024: 6.1 billion euro/US$6.7 billion).

Consolidated revenues increased 3% year-on-year to 29.6 billion euro (US$34.3 billion) (H1 2024: 28.8 billion euro/US$31.2 billion). A total of 306 commercial aircraft were delivered (H1 2024: 323 aircraft), comprising 41 A220s, 232 A320 Family, 12 A330s, and 21 A350s. Revenues generated by Airbus' commercial aircraft activities decreased 2%, mainly reflecting the lower number of deliveries.

Airbus Helicopters' revenues increased by 16%, reflecting a solid performance from programs and growth in services. Helicopter deliveries totalled 138 units (H1 2024: 124 units). Revenues at Airbus Defence and Space increased 17% year-on-year, driven by higher volumes across all its business lines. 

The A320 Family program continues to ramp up towards a rate of 75 aircraft per month in 2027. The A330 program is currently stabilizing at a monthly production rate of 4 aircraft, and to meet customer demand, the company now targets a rate of 5 in 2029. Specific supply chain challenges, notably with Spirit AeroSystems, are putting pressure on the ramp-up of the A350 and the A220. The company continues to target a rate of 12 for the A350 in 2028 and a monthly A220 production rate of 14 aircraft in 2026.

The company is making good progress on the acquisition of certain Spirit AeroSystems work packages. The expected closing date is now shifting into the last quarter of 2025 due to ongoing regulatory approvals.

On the A400M program, Airbus is engaged in discussions with the launch nations and OCCAR. This was marked by the agreement reached in June with OCCAR to advance seven deliveries for France and Spain and to further increase the visibility on the program's production. In light of uncertainties regarding the level of aircraft orders, Airbus continues to assess the potential impact on the program's manufacturing activities.

(article source: Airbus / editor: Anton van Rijsbergen)