Airbus aims to significantly boost its profitability in the coming years and strengthen shareholder returns with share buybacks, betting that demand for civil and military aircraft will remain strong and continue to fuel growth.
The European aircraft maker said Tuesday that adjusted earnings before interest and taxes--its preferred measure of profitability--would grow to a range between 12 billion euros and 13 billion euros ($13.70 billion to $14.84 billion) in 2029, up from 7.13 billion euros in 2025.
Its commercial aircraft business is expected to contribute around 10 billion euros to the target, with the defense and space segment bringing in about 1.3 billion euros and the helicopters business adding roughly 1.2 billion euros.
The commercial aircraft business handles production of Airbus's lineup of jets and their delivery to customers. The group, which dispatched 351 planes between January and the end of June, is aiming for roughly 870 commercial aircraft deliveries this year.
Despite difficulties in sourcing engines for its best-selling A320 jets, Airbus managed to increase the number of aircraft it delivered in recent months and analysts say its annual target should be attainable. Some had raised concerns the company would be forced to trim the target because of supply-chain snarls as it did in 2022, 2024 and 2025.
Persistent supply-chain hurdles have weighed on investor confidence. Airbus shares are down 1.9% since the year began, while those of rival Boeing are down 2.3% since January as executives work to shore up its finances.
Airbus is seeking to ramp up production of its jets: it expects to make 13 A220 narrow-body aircraft a month in 2028, between 70 and 75 A320s a month by the end of next year, five A330s a month in 2029 and 12 of its larger A350 model in 2028.
The company said last year that it was lifting its dividend payout ratio and that share buybacks remained on the table to return extra cash to shareholders. Airbus said Tuesday that its board of directors had approved a share buyback program of 5 billion euros over three years.
Airbus said it continued to expect adjusted EBIT of around 7.5 billion euros and free cash flow before customer financing of around 4.5 billion euros this year.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
July 21, 2026 12:32 ET (16:32 GMT)
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