Airbus (AIR) Stock Tumbles as Q1 Profit Plunges 52% Amid Delivery Challenges

Key Takeaways Q1 adjusted operating profit at Airbus plummeted 52% year-over-year to €300M from €624M Quarterly revenue declined 7% to €12.65B, though surpassing analyst projections Aircraft deliveries totaled just 114 units in Q1, down from 136 last year and trailing Boeing’s 143 Ongoing engine supply constraints from Pratt & Whitney continue hampering production Annual delivery forecast remains at 870 aircraft despite quarterly struggles The European aerospace manufacturer experienced a challenging opening quarter, with adjusted operating profit collapsing 52% to €300 million compared to €624 million during the first quarter of 2025. Quarterly revenue registered at €12.65 billion, representing a 7% year-over-year contraction. AIRBUS Q1 EARNINGS: REVENUE EUR 12,651 MILLION || Q1 ADJUSTED EBIT EUR 300 MILLION || Q1 EBIT EUR 224 MILLION || Q1 ADJUSTED FREE CASH FLOW EUR -2,485 MILLION || Q1 EPS EUR 0.74 — First Squawk (@FirstSquawk) April 28, 2026 While profitability disappointed, the revenue figure surpassed Wall Street projections. Market analysts had anticipated €12.39 billion in revenue and €348 million in adjusted operating profit, based on consensus estimates compiled by the company. Earnings per share reached 74 euro cents, significantly outperforming the forecasted 44 euro cents. Airbus SE, AIR.DE The primary concern centers on delivery performance. The aircraft manufacturer completed handovers of only 114 commercial planes during Q1, marking a 16% decrease from 136 units delivered in the comparable 2025 period. This figure also trailed competitor Boeing, which managed 143 aircraft deliveries during the identical timeframe — a particularly noteworthy contrast considering Boeing’s well-documented operational challenges. The root cause remains consistent: inadequate engine supply. U.S.-based supplier Pratt & Whitney has persistently delivered engines behind schedule, effectively capping Airbus‘s production capacity. The dispute has escalated to legal proceed...