Airbus (AIR.PA) could turn a meaningful corner in its 2026 delivery trajectory, according to a new research note from mwb Research analyst Jens-Peter Rieck.
The firm told investors on Monday that its proprietary data points to approximately 87 aircraft deliveries in May, which would be the strongest single month of the year so far.
The acceleration would mark a recovery from a disappointing first quarter, in which the European aerospace giant delivered just 114 aircraft, down 16% year-on-year.
Empfohlener Broker
Multi Asset Platform
Monthly deliveries have since climbed steadily, from 19 in January and 35 in February to 60 in March, 67 in April, and now an estimated 87 in May. If confirmed, May’s figure could contribute to the strongest Q2 in Airbus’s history.
In response, mwb Research has raised its full-year 2026 delivery estimate to 860 aircraft, up from 840, while lifting its price target from EUR 170.00 to EUR 180.00. Shares closed at EUR 173.18 on Monday, leaving only modest upside to the revised target.
Despite the improved outlook, Rieck retained a Hold rating on the stock, citing two unresolved structural headwinds, including the ongoing Pratt & Whitney engine supply constraints hampering the A320neo ramp, which CEO Guillaume Faury has publicly labelled “unsatisfactory,” and delays from China’s aviation regulator CAAC, reported to be slow-walking delivery approvals as leverage in broader certification negotiations involving COMAC aircraft.
Looking further ahead, mwb Research warns that COMAC’s growing credibility as a narrowbody competitor could begin to pressure Airbus demand from the mid-2030s onwards. “The backlog provides support,” Rieck notes, “but it does not provide immunity.”
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
- IG Top-tier regulation – Read our Review
- eToro Wide range of instruments available to trade – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
