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Airbus Reports First Half 2025 Results

Airbus Reports Strong First Half 2025 Results, Led by Defence and Helicopters
Airbus SE (stock symbol: AIR) announced robust financial results for the first half of 2025, driven primarily by strong performances in its Defence and Space and Helicopters divisions. Despite ongoing supply chain disruptions affecting its commercial aircraft segment, the company demonstrated resilience in a complex operating environment. Airbus delivered 306 commercial aircraft during the period, a decline from 323 in the same timeframe last year, as persistent engine supply issues impacted the A320 programme and resulted in backloaded deliveries.
Financial Performance and Commercial Aircraft Segment
Revenues for the first half increased by 3% year-on-year to €29.6 billion, up from €28.8 billion in H1 2024. Consolidated EBIT Adjusted, a key measure of underlying business performance, rose significantly to €2.2 billion from €1.4 billion a year earlier. Reported EBIT stood at €1.6 billion, while earnings per share reached €1.93. However, free cash flow before customer financing was negative at €-1.6 billion, reflecting ongoing operational challenges.
The commercial aircraft division experienced a 2% decline in revenues to €20.8 billion, reflecting the reduced delivery numbers. Gross orders for commercial aircraft increased substantially to 494 from 327 in the first half of 2024, with net orders after cancellations reaching 402 compared to 310 a year earlier. The order backlog remained strong at 8,754 aircraft as of the end of June.
Airbus CEO Guillaume Faury emphasized the company’s ability to navigate a fast-changing environment. He noted that while production remains on plan, deliveries are delayed due to engine supply constraints on the A320 programme. Faury also welcomed the recent political agreement between the European Union and the United States to restore a zero-tariff regime on civil aircraft, describing it as a positive development for the industry.
Growth in Defence and Helicopters
The Defence and Space division posted a 17% increase in revenues to €5.8 billion, supported by higher volumes across all business lines. However, order intake by value declined to €5.1 billion from €6.1 billion in the previous year. Airbus Helicopters delivered 138 units, up from 124 in the first half of 2024, contributing to a 16% rise in revenues to €3.7 billion. This growth was driven by strong programme execution and expanding service activities.
Outlook and Industry Context
Airbus reaffirmed its full-year 2025 guidance, which continues to exclude the impact of tariffs. The company highlighted the positive implications of the EU-US tariff agreement for the aviation sector, reducing uncertainty and fostering a more stable operating environment. Airbus also confirmed plans to complete the acquisition of assets from Spirit AeroSystems in the fourth quarter, a strategic move expected to enhance its supply chain resilience.
Within the broader aerospace industry, Boeing reported a narrowing of losses as it undertakes a business reset, while Textron posted steady second-quarter earnings per share alongside revenue growth in its commercial aircraft and helicopter divisions.
Airbus’ first-half results underscore the strength of its diversified business model, with robust defence and helicopter operations offsetting challenges in the commercial aircraft segment. This performance positions the company to meet its 2025 targets amid ongoing industry headwinds.

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