Airbus, Boeing (Once Again) Raise 20-Year Market Forecasts for Passenger Jets

An Airbus A350 at JFK

By Paul Riegler on 17 July 2018
  • Share

The world’s two largest airplane manufacturers, Airbus and Boeing, both raised their forecasts for aircraft deliveries over the next two decades as the Farnborough International Airshow gets underway.

Airbus, in its 20-year market forecast, said over 37,400 planes would be delivered in that period, with a value of $5.8 trillion, a 7% increase over last year’s forecast.

Boeing sees an even bigger market, however. In its annual 20-year outlook, the Chicago-based company said it believes airlines will want some 42,700 jetliners in the same period, making it a $6.3 trillion market, versus last year’s forecast, which was for 41,030 airliners and a $6.1 trillion market.

The confident forecasts come amidst significant political and economic challenges. Recent tensions between Beijing and Washington that could evolve into a full-blown trade war underscore the industry’s vulnerability in some markets.  Boeing currently delivers over 25% of its new aircraft to China and the company believes that China will overtake the United States as the largest domestic air travel market in ten to 15 years.

Airbus sees “small” aircraft – those up to 230 seats – dominating the market over the period with 76% of the market. The European aircraft manufacturer recently expanded its portfolio with the addition of Bombardier’s C Series 110- to 130-seat jet, which was mirrored by Boeing’s recent announcement it would take over the commercial aviation unit of Bombardier competitor Embraer.

Meanwhile, Boeing forecasts 31,360 deliveries in the medium-haul, single-aisle category, while lowering its wide-body delivery forecast by 140 aircraft to 8,070.

(Photo: Accura Media Group)

Accura News

Read previous post:
Alaska Airlines to Offer New Selection of Meals and Beverages in Coach

Alaska Airlines announced a new menu for coach passengers that emphasizes local ingredients from the Pacific Northwest and what it...