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Airbus Commercial Aircraft CEO Lars Wagner.
FARNBOROUGH, England—Airbus is targeting a doubling of operating profit in its commercial aircraft business within the next three years, along with significant growth in its services business.
The aircraft manufacturer told investors in a July 21 business update that it aims to reach adjusted operating profit of €10 billion ($12 billion) in 2029, compared with €5.5 billion in 2025. Airbus also wants to generate €10 billion in services revenue through organic growth and acquisitions that add to its current capabilities. “We want to sell more services to our customers,” Airbus Commercial Aircraft Lars Wagner said.
The company also is targeting double-digit profitability in its services business.
Wagner made clear that Airbus is not only sticking to its production growth targets for single-aisle aircraft but also is planning significant growth in widebody output. Airbus aims to reach a production rate of 12 A350s per month in 2028, which Wagner said is the maximum possible with the current final assembly line setup.
Growth will be one driver of profitability, but Wagner also pointed to targeted efficiency improvements. In addition, airline demand for larger, more capable aircraft means product mix also will support those goals.
The planned next-generation single-aisle aircraft, to be launched in 2030, also will be a “once-in-a-lifetime opportunity to rebalance the business model,” Wagner said.
Airbus hopes to become much more active in providing services for the program over the coming decades, among other opportunities. Before launching the program, Airbus must decide whether to introduce stretched versions of the A350 and A220.
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