Monday Metrics: Deliveries, Flights, Retirements to 5 July 2026

Research evidence excerpt

Monday Metrics: Deliveries, Flights, Retirements to 5 July 2026

EUROPE | Aerospace & Defense

Electronics EquityJulyResearch6, 2026

Monday Metrics: Deliveries, Flights,

Retirements to 5 July 2026

Monday Metrics is our data series focused on key civil aerospace metrics.

It is based on Cirium data for deliveries, retirements, first flights, and

FlightRadar24 data for commercial flights. We thus aim to provide insights

on Airbus production, as well as aftermarket trends for MTU Aero, Safran

and Rolls-Royce. Please contact the team for feedback & suggestions.

Deliveries: Airbus deliveries at 8 so far in July. Cirium showed Airbus delivering 26 aircraft last

week (20 A320, 4 A220, and 2 A350), of which 8 in the first days of July (7 A320 and 1 A350),

slightly up vs last year at 7 deliveries (+14% MTD yoy), bringing the year-to-date deliveries up

12% yoy. As usual, Cirium data can lag actual recorded deliveries by a few days, hence we

would expect actual deliveries to be slightly ahead of their estimates.

First Flights: Airbus first flights at 8 so far in July. Cirium showed 12 first flights for Airbus

last week (7 A320, 1 A330 and 4 A350), of which 8 have occurred so far in July (5 A320, 1 A330,

and 2 A350). This compares to 14 first flights over the same period last year (-43% MTD yoy,

on small numbers), and we expect c. 70-75 first flights in July.

Retirements level: now at 219 YTD. We have now updated our seasonality to reflect real data

from 2000-2025, vs. our prior assumption of a constant rate of retirement throughout the year.

Using our adjusted run-rate, this would put total 2026 retirements (for the narrowbody and

widebody fleet) at 1.1% and 1.1% of the end-2025 fleet (2025: 1.4% and 1.5% respectively). Total

CFM56 retirements YTD stand at 120 through 5th July (vs.