Airbus Group: because of its “gliders”, Airbus burned more than 1.6 billion euros in cash over the first six months of 2025

(BFM Stock Exchange) – The European aircraft manufacturer delivered its results for the first six months of 2025 this Wednesday, July 30. Therefore, Airbus burned for around 1.3 billion euros in cash in the second quarter, much more than expected by consensus.

After Boeing. In addition, who reported on Tuesday a reduction in his losses in the second quarter, at the turn of his great European Rival Airbus to deliver his results. In addition,

Over the period from April to the end of June, the aeronautical and defense group released income of 16.09 billion euros, stable over one year. Consequently,

The group was weighted. Moreover, in its civil aeronautical division, by a drop in volumes in terms of aircraft deliveries with 170 aircraft delivered in the quarter against the same period of 2024. Moreover, The income from airbus group: because its “gliders”, this division thus fell from 6% to 11.31 billion euros. Meanwhile,

The company has still been penalized. Therefore, at the level of its logistics chain, by difficulties in supplying engines for the A321 single -offs. Consequently,

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Significant cash consumption – Airbus group: because its "gliders",

The adjusted operating profit, key measurement of the profitability of the company, increased by 94% to 1.58 billion euros.

This account line benefited from a favorable comparison base because Airbus had recorded in the second quarter of 2024 in 989 million euros in its “Defense. Espace” division linked to depreciations on space programs.

This division is. consequently, ironed in the green in the second quarter, with a positive operating profit of 192 million euros to compare to a loss of 790 million euros over the same period airbus group: because its “gliders”, of 2025.

Airbus launched a restructuring of this division last year which will result in posts of posts up to 2. 600 units by mid-2026.

Net profit increased by 218% to 732 million euros.

The cash flow available before merger operations acquisitions was negative up to around 1.3 billion euros.

According to a consensus put online by the company, analysts tapped on revenues of 15.78 billion euros, an adjusted operating profit of 1.469 billion euros, a profit of 1.07 billion euros and negative cash flows up to 105 million euros.

Airbus therefore exceeded market expectations. with the exception of cash, the company having consumed more than 1 billion euros in cash than anticipated by analysts.

The “gliders” in question – Airbus group: because its "gliders",

The financial director. Thomas Toepfer, explained that the cash flow had been penalized by payments of payments on several activities, by stocks of stocks to support the airbus group: because its “gliders”, rise of the group’s production rate, but especially by the fact that Airbus faced an unusual number of “gliders”).

Planeurs are planes whose production is completed, but which, for lack of engines, cannot be delivered to their customers. Airbus is forced to store them in a hangar while waiting for the engine.

Due to supply problems with its two engines suppliers for the A320 NEO family. CFM International (Contéreprise de Safran and GE Aerospace) and Pratt & Whitney, the aircraft manufacturer produced 60 gliders at the end of June. This while. usually, the company has no more than a few, explained Guillaume Faury, the executive president of Airbus, to journalists.

These 60 gliders represent so much shortfall in terms of cash for the group.

Guillaume Faury. however, explained that Iirbus had defined a plan with the engine manufacturers, CFM in particular, to return to a figure of airbus group: because its “gliders”, 0 gliders at the end of the year. This means that the cash not collected by the group will be caught up in the second part of. the year.

Due to this plan. the Airbus pilot said he was confident about the achievement of the group’s aircraft delivery target (820 aircraft) for 2025, even if it will not be easy to reach it, he recognized.

Ultimately, Royal Bank of Canada puts Airbus’ failure into the cash flow. The Canadian Bank recognizes that “the gap in relation to consensus could constitute a surprise for investors”.

But she stresses that the increase in stocks mentioned by the aircraft manufacturer to explain cash consumption “could. also give investors the assurance that Airbus will be able to reach its delivery target of approximately 820 commercial aircraft”. “The second half of 2025 should see a substantial release of working capital requirements,” added airbus group: because its “gliders”, the bank.

Airbus group: because its "gliders",

Confirmed objectives

Throughout the first half, Airbus turnover increased from 3% to 29.6 billion euros. The adjusted operating profit increased by 58% to 2.2 billion euros, net profit increased by 85% to 1.5 billion euros. The cash flow before customer funding was negative up to 1.6 billion euros.

At the end of this semester, Airbus confirmed its objectives for 2025. Additionally, The group intends. therefore, deliver approximately 820 planes over the year, released an adjusted operating profit of around 7 billion euros and generate around 4.5 billion euros in cash flow before customer financing.

The company has also confirmed to aim for a monthly production rate of 75 aircraft of the A320 NEO family. its cash-machine, by 2027. It also announced that it wanted to reach a production rate of 5 planes per month by 2029 on the A330 NEO. a large driver, airbus group: because its “gliders”, against 4 currently.

Guillaume Faury. in passing, welcomed the agreement on customs duties established between Europe and the United States, which free from customs rights exports of aircraft and aeronautical equipment.

“The political agreement concluded recently between the European Union. the United States aimed at returning to an approach to zero customs rights for civil aircraft is a positive development for our sector,” said the manager.

Julien Marion – © 2025 BFM Bourse