20-year commercial airplane market valued at €1.25 trillion/£1.1 trillion
Near-term traffic recovery driven by economic growth, leisure travel
Boeing forecast steady growth and greater sustainability for Europe’s commercial aviation fleet over the next 20 years, as the vast majority of the existing fleet is replaced with more fuel-efficient models. Enabled by low-cost carriers and a rapidly expanding leisure travel market, European carriers will need 8,705 new airplanes valued at €1.25 trillion/£1.1 trillion through 2040, according to the 2021 Commercial Market Outlook (CMO), Boeing’s long-term forecast of demand for commercial airplanes and [...]
Boeing Market Outlook forecasts continued path to long-term growth, with signs of industry recovery
Over 10 years, the 2021 BMO shows $9 trillion addressable market, up from $8.5 trillion in 2020
Boeing [NYSE: BA] today released its annual forecast for the commercial, defense and space aerospace market, reflecting signs of the industry’s recovery following the impacts of COVID-19. The 2021 Boeing Market Outlook (BMO) – Boeing’s analysis of long-term market dynamics – states that commercial airplanes and services are showing signs of recovery, while the global defense, space and government services markets have remained stable.
The BMO [...]
The International Air Transport Association (IATA) released July 2021 data for global air cargo markets showing that demand continued its strong growth trend.
As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted, all comparisons below are to July 2019 which followed a normal demand pattern.Global demand, measured in cargo tonne-kilometers (CTKs*), was up 8.6% compared to July 2019. Overall growth remains strong compared to the long-term average growth trend of around 4.7%.The pace of growth slowed slightly compared to June which saw demand increase 9.2% (against pre-COVID-19 [...]
Boeing reaches $1 billion in online orders in record time for the company
Boeing hit an e-commerce milestone in record time for the company, reaching $1 billion in online orders more than three months faster than ever before. The milestone was driven by e-commerce advancements and increased demand from commercial services customers, indicating the continued market recovery from the impact of COVID-19.
“We’re seeing innovation accelerated by necessity across our services business as the aerospace industry emerges from one of the toughest periods we’ve faced,” said Ted Colbert, president and chief executive officer, Boeing Global Services. “The aftermarket supply [...]