Q1 2022 Financial Overview
Currency Hedge Policy
IN $ BILLION
4.4
20.4
19.5
16.2
13.3
9.5
7.0
Forward Sales as of Mar. 2022
Forward Sales as of Dec. 2021
1.1
2027
2028
Average hedge rates
2022
Remaining 9 months
2023
2024
2025
2026
€ vs $
1.23
1.22
1.23
1.25
1.30
Forwards
(1.22 in Dec. 21)
(1.23 in Dec. 21)
(1.24 in Dec. 21)
(1.26 in Dec. 21)
(1.31 in Dec. 21)
1.34
(1.35 in Dec. 21)
■ In Q1 2022 $4.4 bn (1) of hedges matured at an average rate of € 1 = $ 1.21
$ 3.5 bn (1) of new Forwards were added at € 1 = $ 1.18
Hedge portfolio (1) as of 31 March 2022 at $ 87.1 bn (vs. $ 88.3 bn in December 2021), at an average rate of $ 1.25
Approximately 60% of Airbus US$ revenues are naturally hedged by US$ procurement. Graph shows US$ Forward Sales
Hedge rates reflect EBIT impact of the US$ hedge portfolio
(1)
Total hedge amount contains €/$ and £/$ designated hedges.
1.32
(1.32 in Dec. 21)
Mark-to-market value incl. in AOCI = € - 5.3 bn
Closing rate @ 1.11 € vs. $
8
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