REAL-TIME GLOBAL RESEARCH
Airbus: Business Update and Q2‘26 takeaways - So far so good
Research evidence excerpt
Airbus: Business Update and Q2‘26 takeaways - So far so good
s across all of its key commercial aircraft programs. Margins expansion could also be
slower to materialize, as higher supply and labor costs weigh on profitability, as well as risks from satellite development programs.
Unfavorable use of cash, including large acquisitions, could also be downside risks.
RATINGS DEFINITIONS, BENCHMARKS AND DISTRIBUTION
EQUITY RATINGS DEFINITIONS
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stocks listed on the U.S. and Canadian exchanges, versus the Bloomberg Europe Developed Markets Large and Mid Cap Price
Return Index EUR (EDME) for stocks listed on the European exchanges and emerging markets exchanges outside of the Asia
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exchanges, and versus the Bloomberg Asia ex-Japan Large and Mid Cap Price Return Index (ASIAX) for stocks listed on the Asian
(ex-Japan) exchanges -unless otherwise specified.
The Bernstein brand has three categories of ratings:
• Outperform: Stock will outpace the market index by more than 15 pp
• Market-Perform: Stock will perform in line with the market index to within +/-15 pp
• Underperform: Stock will trail the performance of the market index by more than 15 pp
Coverage Suspended: Coverage of a company under the Bernstein research brand has been suspended. Ratings and price targets
are suspended temporarily, are no longer current, and should therefore not be relied upon.
Not Rated: A rating assigned when the stock cannot be accurately valued, or the performance of the company accurately
predicted, at the present time.
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