Airbus cuts jet production goals as engine supply row with Pratt and Whitney intensifies

Airbus SE AIR.PA has reduced its production target for the A320neo program after engine supplier Pratt & Whitney reconsidered its proposed engine volumes and failed to sign a formal supply agreement. This decision, announced alongside fourth-quarter results on February 19, 2026, has forced the European planemaker to scale back its broader production plans and temper its financial guidance for 2026. The move comes as a significant development for the aerospace sector in the US US, ES ES, and GB GB, as well as Qatar, where delivery schedules are now under revision.