Berenberg Cuts FY26 Airbus Commercial Jet Deliveries Estimate After Q3 Miss on Most Metrics

07:44 AM EDT, 10/29/2026 (MT Newswires) -- Airbus (AIR.PA, AIR.F, AIR.MC) was kept at hold with an unchanged price target of 210 euros as Berenberg noted the planemaker's third-quarter results miss and higher-than-usual fourth-quarter weighting for aircraft deliveries. "Airbus's Q3 results released on 28 October missed consensus across most metrics. Full-year guidance was reiterated, leaving the focus on the customary year-end delivery push. Softer delivery data for October indicates a particularly strong final two months of the year will be required. Management indicated that the full-year guidance is achievable, although it leaves little margin for error, in our view," analysts said in a Thursday research note. Against this background, Berenberg's full-year estimate for commercial jet deliveries was lowered by five to 865 versus Airbus' 870 guidance. Full-year 2026 estimates for sales and adjusted EBIT were lowered by around 1%, while that for EPS increased 0.9%.