An ultra high bypass ratio turbofan engine includes a variable pitch fan, a low pressure turbine, a reduction gearbox, and a plurality of outlet guide vanes. The ultra high bypass ratio turbofan engine has a bypass ratio between about 18 and about 40. The variable pitch fan and the low pressure turbine are coupled together by the reduction gearbox. The reduction gearbox reduces the speed of the variable pitch fan relative to the low pressure turbine. The plurality of outlet guide vanes are spaced aft of the variable pitch fan and are axially swept. The variable pitch fan and the low pressure turbine are configured to generate a fan pressure ratio between about 1.15 and about 1.24.