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

06:19 AM EDT, 07/15/2026 (MT Newswires) -- 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, higher R&D spending, cost inflation and the consolidation of Spirit AeroSystems," Metzler wrote. Within this context, the research firm raised its price target to 224 euros from 210 euros and maintained its buy rating. Analysts added that they still see a "strong" demand outlook for narrowbody and widebody aircraft, which should drive "significant" profitability gains and "materially stronger" free cash flow generation for Airbus by full-year 2028 compared with the present.