GS Planespotters Tracker: June 82 aircraft

研报英文原文证据摘录

GS Planespotters Tracker: June 82 aircraft

Goldman Sachs Airbus (AIR.PA)

Exhibit 3: We have tracked Airbus deliveries using Exhibit 4: Airbus delivered 73 aircraft in June according to

Planespotters data since 2021 Planespotters data

Breakdown of our Planespotters deliveries tracker by platform

Programme Total Detail by Operator

4x Air Canada, 2x Delta Air Lines, 1x Breeze Airways, 1x Air France,

R2 = 91% A220 10 Planespotters vs Actual Monthly Deliveries 1x Croatia Airlines, 1x airBaltic Correl. = 95%

2021-2025 Avg. diff. = 13% A319

160 3x Spring Airlines, 3x Air Arabia, 3x Transavia France, 3x China

A320 25

140 Eastern Airlines, 13x Other Operators

120 A321 32 4x IndiGo, 3x Wizz Air, 3x China Eastern Airlines, 2x Jet2, 20x Other

Operaors

A330 1 1x Emirates

80 A350 5 2x Emirates, 1x Air France, 1x Egyptair, 1x Qatar Airways

60 Total 73

Feb-21 May-21 Aug-21 Nov-21 Feb-22 May-22 Aug-22 Nov-22 Feb-23 May-23 Aug-23 Nov-23 Feb-24 May-24 Aug-24 Nov-24 Feb-25 May-25 Aug-25 Nov-25 Feb-26

Actual Monthly Deliveries Planespotters Monthly Deliveries

Source: Planespotters, Company data, Goldman Sachs Global Investment Source: Planespotters, Data compiled by Goldman Sachs Global Investment

Research Research

First Flight Tracker: June 73 aircraft

Exhibit 5: First flights are tracking at 373 units ytd vs. 337 Exhibit 6: Cirium first flights were slightly above

last year seasonality for June

As of June 30th, 2026 Seasonality avg., 2016-25 (ex. 2020)

Cumulative First Flights Monthly First Flights Seasonality implied

Airbus Airbus Commercial (Company guidance

~870 a/c)

900 100 87

83 90 800 77 91 80 72 73 70 73 72

700 65

70 58

600 72 57 60

62 65 65 61 500 713 799 50

373 624 40 548 400 300

239 39 467 30

300 411 166 20 337

200 101 277 10 ActualActual 225

100 168 0