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    David Perry • JPMorgan Chase & Co.

    David Perry's questions to Airbus SE (EADSY) leadership

    David Perry's questions to Airbus SE (EADSY) leadership • Q1 2025

    Question

    David Perry of JPMorgan Chase & Co. inquired about potential special measures to offset FX headwinds from a weaker dollar and sought color on negotiations with airlines regarding tariff surcharges.

    Answer

    CFO Thomas Toepfer stated no special measures are being taken for FX, as the company's hedging policy provides stability with over 90% of 2025 exposure hedged. CEO Guillaume Faury explained that tariffs are import duties paid by the importer (the airline, when exporting from Europe to the U.S.). He noted Airbus is exploring logistical solutions and arrangements with customers, similar to what was done during the previous WTO dispute, and remains optimistic that the zero-tariff agreement will be reinstated.

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    David Perry's questions to Airbus SE (EADSY) leadership • Q1 2024

    Question

    David Perry inquired about the management's tone on the supply chain, asking if the situation has worsened recently, and questioned whether the recent strong widebody orders are being secured at better pricing.

    Answer

    CEO Guillaume Faury clarified his tone, stating the supply chain environment is not improving and remains challenging with numerous manageable but persistent issues, though not necessarily from engines. On widebody aircraft, he acknowledged the strong momentum for the A350 is helping pricing progressively improve, but noted the environment is still very competitive and not yet back to what he would consider normal.

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