Why did Airbus stock drop on February 20?

The update pointed to a slower A320neo production ramp due to Pratt & Whitney engine delays. Airbus also set 2026 guidance at about €7.5 billion EBIT and 870 deliveries, below earlier ramp hopes. Investors priced in weaker near-term deliveries and cash, pushing the shares down roughly 4–6% on the day.

What is Airbus guidance for 2026?

Management indicated about €7.5 billion EBIT and a delivery goal of 870 aircraft in 2026. The outlook assumes improved engine availability and steadier supply chains. Risks include prolonged inspections, legal disputes, and working-capital build. Upside comes from pricing discipline, backlog conversion, and a recovering aftermarket mix.

How do Pratt & Whitney issues affect A320neo production?

Inspections on Pratt & Whitney geared turbofan engines reduce available units, creating timing gaps for A320neo final delivery. That slows handovers and cash collection. Once engines clear and arrive consistently, Airbus can accelerate deliveries. Until then, schedules slip right, and investors should expect conservative guidance and tight cost control.

Is RTX a hedge for the Airbus theme?

RTX owns Pratt & Whitney, so it shares the engine risk but also benefits from defense and aftermarket support. Diversification helps, yet engine remediation remains a swing factor. If inspections resolve faster, Airbus benefits via deliveries, while RTX benefits through improved aftermarket and lower remediation drag.

What should German investors watch next?

Track monthly engine supply, A320neo output checkpoints, pricing on new slots, and cash conversion. The next earnings on 28 April 2026 are key for updated Airbus guidance. Also watch airline commentary in Europe for delivery timing. Clearer supplier timelines are the fastest catalyst for a sentiment reset.

Global Market Insights

AIR.PA Stock Today: Pratt & Whitney Delays Dent 2026 Target – February 20

ByDanny Kontos February 20, 2026

Airbus stock fell after management trimmed the A320neo production ramp and warned that Pratt & Whitney engine delays will weigh on 2026 targets. The company now guides to about €7.5 billion EBIT in 2026 and 870 deliveries, with possible legal steps against the supplier. Shares of AIR.PA dropped roughly 4–6% on the update. For investors in Germany, slower deliveries mean a gentler margin path, but resilient demand and a deep backlog still support the long-term case.