Metzler Forecasts 'Good' Q2 Results from Airbus; Price Target Raised

Metzler Capital Markets forecasts Airbus (AIR.PA, AIR.F) will deliver a "good" second-quarter performance, which the European aerospace company is scheduled to report during its business update on July 21 and earnings release on July 29. "We expect a good quarter with a revenue of EUR 20.2 bn (vs. EUR 16.1 bn in Q2/25), an adj. EBIT of EUR 2,115 m (vs. EUR 1,580 m in Q2/25), and a confirmation of the full-year targets, i.e. ~870 commercial aircraft deliveries (vs. M'e: 870), an adj. EBIT of EUR ~7.5 bn (vs. M'e: EUR 7.6 bn), and a [free cash flow] before Customer Financing of EUR ~4.5 bn (vs. M'e: EUR 4.7 bn)," the research firm said Wednesday. Analysts said they are "increasingly confident" that Airbus will meet its full-year delivery target of 870 aircraft, noting that first-half aircraft deliveries are "tracking well" with deliveries up 45 units year over year. "While engine supply shortages are expected to persist throughout the year, we believe the situation has improved somewhat over the past couple of months. 2) Improved fixed costs absorption. 3) A favourable aircraft delivery mix with a YoY increase of 64 A320s. This should more than offset headwinds from FX,.