Aerospace Manufacturing Profits Outpace Airlines as Fortune Global 500 Aviation Landscape Shifts

Industry
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Summary · why it matters

The 2026 Fortune Global 500 list shows that aerospace manufacturers generally posted higher profits than airlines. GE Aerospace topped all aviation companies on the list with a net profit of 8.704 billion US dollars, earning over 3 billion dollars more than the world’s most profitable airline, Emirates Group. Airbus recorded a net profit of 5.889 billion dollars, up 28.7 percent year on year. Boeing returned to profitability with a net profit of 2.235 billion dollars, and its revenue surpassed that of Airbus. Honeywell posted a net profit of 4.729 billion dollars. Supply chain strains have led to a shortage of aircraft and components, driving up manufacturers’ profits, while airlines have been weighed down by delivery delays and rising costs. Emirates Group reported a net profit of 5.354 billion dollars. Delta Air Lines had the highest revenue among global carriers and ranked second in net profit. China’s three state-owned major airlines remained absent from the Global 500. Two of them were still loss-making in 2025, and their combined losses in the first half of 2026 are expected to approach 10 billion yuan. Xiamen C&D Group ranked 112th with revenue of 97.028 billion dollars, but it swung from profit to loss in 2025, posting a loss of 509 million dollars.

Impact on stocks 7

Aerospace & Aviation▲ · 3 stocks
The Boeing Company
BA
▲ PositiveSupplyrelevance

Boeing returned to profitability with net profit of $2.235 billion and revenue surpassed Airbus, benefiting from supply chain strains driving up manufacturer profits.

GE Aerospace
GE
▲ PositiveSupplyrelevance

GE Aerospace tops aviation companies with net profit of $8.704 billion, benefiting from supply-driven pricing power.

Honeywell International Inc
HON
▲ PositiveSupplyrelevance

Honeywell posted net profit of $4.729 billion, benefiting from supply chain strains driving up manufacturer profits.

Industrials± Mixed · 2 stocks
Airbus Group SE
AIR
▲ PositiveSupplyrelevance

Airbus net profit up 28.7% to $5.889 billion, benefiting from supply chain strains driving up manufacturer profits.

Delta Air Lines Inc
DAL
▼ NegativeSupplyrelevance

Airlines weighed down by delivery delays and rising costs; Delta has high revenue but profits lag manufacturers.

Others▼ · 2 stocks
Air China Ltd Class A
601111
▼ NegativeDemandrelevance

China's three state-owned major airlines, including Air China, remain loss-making and absent from Global 500, with combined losses expected near 10 billion yuan in H1 2026.

Theme Impact 4

Off-coverage companies 1

Emirates AirlinePrivate± Mixed
relevance

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