Monday Metrics: Deliveries, Flights, Retirements to 19 July 2026: EUROPE | Aerospace & Defense Electronics

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Monday Metrics: Deliveries, Flights, Retirements to 19 July 2026: EUROPE | Aerospace & Defense Electronics

EUROPE | Aerospace & Defense

Electronics EquityJulyResearch20, 2026

Monday Metrics: Deliveries, Flights,

Retirements to 19 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 28 MTD, with 17 in the past week. Cirium showed Airbus

delivering 17 aircraft last week (16 A320, and 1 A220), bringing the July-to-date deliveries to

28 (25 A320, 1 A220, and 2 A350), down vs last year at 35 deliveries (-20% MTD yoy) making

the year-to-date deliveries up 11% 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 42 MTD, with 15 in the past week. Cirium showed 15 first

flights for Airbus last week (15 A320), bringing July-to-date first flights to 42 (37 A320, 1 A220,

1 A330 and 3 A350). This compares to 48 first flights over the same period last year (-13%

MTD yoy), and we expect c. 70-75 first flights in July.

Retirements level: now at 235 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 1.0% of the end-2025 fleet (2025: 1.4% and 1.5% respectively).