By Mauro Orru

Airbus is scheduled to report results for the first quarter on Wednesday. Here is what you need to know:

REVENUE FORECAST: The European plane maker is expected to post revenue of 12.95 billion euros ($14.79 billion) for the three months to the end of March, according to a market consensus provided by the company based on estimates from 15 analysts. The forecast is above revenue of 12.83 billion euros that Airbus reported for last year's first quarter.

EARNINGS FORECASTS: Net profit should come in at 516 million euros, according to the consensus, below 595 million euros from a year earlier. Adjusted earnings before interest and taxes--Airbus's preferred measure of profitability--are expected to have grown to 602 million euros from 577 million euros.

Airbus shares are down nearly 8% over the past 12 months. The company has been grappling with supply-chain hurdles that made it harder to procure some parts and materials to produce its aircraft. The company said in February that it anticipated a slow start to the year in terms of deliveries as some aircraft can't be fully assembled because of delays with engine shipments from some suppliers. However, it expects an improvement in the second half of the year.

WHAT TO WATCH:

--TARIFFS: Investors and analysts will be on the lookout for any remarks from Airbus management on how President Trump's tariff policies could affect supply chains and Airbus's aircraft delivery and financial targets.

JPMorgan analysts wrote in a note to clients that tariffs could give way to a significant increase in paperwork across the supply chain. "There could also be legal disputes all the way through the supply chain with some suppliers refusing to ship parts until their customers agree to bear the cost of tariffs," they said.

--SUPPLY CHAINS: Airbus Chief Executive Guillaume Faury told shareholders at the company's annual general meeting earlier this month that supply-chain snags, particularly with Kansas-based jet-parts maker Spirit AeroSystems Holdings, were putting pressure on plans to ramp up production of its A220 narrow-body and A350 wide-body aircraft. Airbus was forced to delay the entry into service of the A350 freighter variant to the second half of 2027 from 2026 previously. Investors and analysts will be monitoring potential comments on how the supply-chain situation evolved in the first quarter.

--GUIDANCE: Airbus expects to deliver roughly 820 commercial aircraft to customers this year, more than the 766 planes it dispatched in 2024. The company had shipped 136 planes by the end of March. Airbus expects adjusted EBIT of around 7 billion euros, while free cash flow before customer financing--a metric closely watched by analysts and investors--is projected at around 4.5 billion euros. The company set guidance for the year back in February, cautioning that its forecasts excluded the impact of tariffs as well as further disruption to trade, air traffic and supply chains.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

April 29, 2025 10:49 ET (14:49 GMT)

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