Airbus lowers aircraft delivery target for 2025 after A320 recalling

ISTANBUL

European aviation giant Airbus announced Wednesday that it lowered its target for commercial aircraft deliveries for this year to 790 from 820 units in its previous forecast.

"Based on a recent supplier quality issue on fuselage panels impacting its A320 Family delivery flow, Airbus SE (stock exchange symbol: AIR) is providing an update to its commercial aircraft delivery guidance for 2025," Airbus said in a statement.

The firm kept its financial guidance for this year unchanged, while saying its adjusted earnings before interest and taxes (EBITDA) are expected to reach around €7 billion ($8.15 billion) this year.

The update came after a new industrial quality issue was detected in some A320 family aircraft following a request for an urgent software update. Last week, Airbus directed an immediate precautionary software update for its A320 family after identifying that intense solar radiation could corrupt data critical to flight-control functions.

The firm said it has consequently identified a significant number of A320 Family aircraft currently in service that may be impacted. Additionally, the European Union Aviation Safety Agency has issued an Emergency Airworthiness Directive for the Airbus A320 family.

On Monday, Airbus announced that software updates have been completed on thousands of A320 family aircraft following last week's warning.

In 2024, Airbus delivered 766 aircraft to its customers instead of the target of 800.