Airbus (EADSY) sees Free Cash Flow before Customer Financing of around EUR 4.5B. Sees around 820 commercial aircraft deliveries. As the basis for its 2025 guidance, the company excludes the impact of tariffs on its business. The company’s 2025 guidance includes the impact of the integration of certain Spirit AeroSystems (SPR) work packages based on preliminary estimates and an assumed closing in the third quarter of 2025. The company assumes no additional disruptions to global trade or the world economy, air traffic, the supply chain, its internal operations and ability to deliver products and services. The anticipated impact of the integration of certain Spirit AeroSystems work packages on the company’s guidance remains in line with previous estimates.
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