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空客维持年度目标,押注年底交付量激增Airbus holds annual targets, bets on year-end delivery surge

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10月28日 - 空中客车周三在发布好坏参半的第三季度财报后,维持了全年预测和生产计划,投资者的关注点集中在其能否达成年度飞机交付目标。

Oct 28 - Airbus maintained its full-year forecasts and production plans on Wednesday after reporting mixed third-quarter earnings, leaving investors focused on whether it can hit its annual aircraft-delivery target.

这家全球最大飞机制造商坚持今年交付约870架飞机的目标,这将是其有史以来的最高交付量,并维持生产目标不变。要达到这一数字,空客需要在第四季度创造纪录。

The world's largest planemaker stuck to its target of delivering around 870 aircraft this year, which would be its highest tally ever, and left production goals unchanged. It will need a record fourth quarter to reach that mark.

“所有人都在关注他们能否达到870架这一数字,或者是否需要在12月某个时候表明无法达到该数字,”Alton Aviation Consultancy董事Ronan Murphy表示。“他们肯定认为自己仍能接近这一目标。”空客称,截至9月底的三个月内,调整后营业利润达到17.7亿欧元(约20亿美元),大致符合公司汇编的分析师预期估值。营收下降2%至174.7亿欧元,低于179.1亿欧元的预期估值。

"Everybody will be watching to see if they can get to that 870 number, or whether sometime in December, they need to indicate that they can't get to that number," said Ronan Murphy, a director at Alton Aviation Consultancy. "They must have a view that they can still get close to it." Airbus said adjusted operating profit reached €1.77 billion ($2 billion) in the three months to end-September, broadly matching the analysts' estimate in a poll compiled by the company. Revenue fell 2% to €17.47 billion, below the estimate of €17.91 billion.

空客传统上在年底最后几个月交付更多飞机,但此前曾因发动机短缺和其他供应链制约扰乱生产,被迫在年底前削减交付目标。空客表示,这些压力最近已开始缓解。

Airbus traditionally delivers more aircraft in the final months of the year, but has previously been forced to cut delivery targets late in the year as engine shortages and other supply-chain constraints disrupted production. Airbus says those pressures had recently begun to ease.

首席执行官Guillaume Faury在声明中表示:“在复杂的地缘政治和运营环境下,我们专注于交付,同时坚定地关注质量。我们的计划清晰,团队已准备就绪,将达成我们的目标。”Murphy警告称,供应链压力已有所缓解,但并未消失。

"Against a complex geopolitical and operating environment, we are focused on delivery while maintaining a steadfast focus on quality. Our plan is clear, and our teams are onboard to meet our objectives," CEO Guillaume Faury said in a statement. Murphy cautioned that supply-chain pressures had eased but not disappeared.

“延迟情况有所放缓,但与原计划相比仍存在延迟,”Murphy表示。

"The delays have slowed down, but there are still delays from when things were originally," said Murphy.

今年以来的税前自由现金流(不含客户融资)为负12.7亿欧元,反映出库存增加,因为空客为年底更强劲的交付表现做准备,并加快生产以应对年底交付。

Free cash flow before customer financing since January was a negative €1.27 billion, reflecting higher inventories as Airbus prepared for a stronger delivery performance later in the year and ramped up production for year-end deliveries.

竞争对手波音公司周二强调了生产延误和供应链挑战,首席执行官凯利·奥特伯格表示,这家美国飞机制造商将无法在今年实现关键的生产和飞机交付目标。

Rival Boeing highlighted production delays and supply-chain challenges on Tuesday, with CEO Kelly Ortberg saying the US planemaker would miss key production and jet delivery targets this year.

空客在今年的交付量方面仍领先于其美国对手,截至2026年迄今已交付547架飞机,而波音为475架。

Airbus remains ahead of its US rival in deliveries this year, having handed over 547 aircraft so far in 2026 compared with Boeing's 475.

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