Airbus July 2025 O&D; 820 target daunting

Airbus did their monthly update, and we have updated our model to track the data.

Notes

• July deliveries of 67 aircraft are down 13% YoY, adding to pressure on the 2H25 delivery ramp.  That 820 target looks ever more daunting.
• YTD deliveries at 373 mean that over the five months, Airbus

  must deliver 89 per month. We have not seen that average rate before.

• Reports of 60 “gliders” needing engines are a key to accelerating deliveries.
• August is a bust for Airbus’ European FALS.  This further adds to the pressure.
• Slow orders for July are therefore a blessing.

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