07/19/2024 | Press release | Distributed by Public on 07/19/2024 17:05
Air travel demand continues to outpace economic growth in an increasingly connected world. Four years after the pandemic grounded most of the global fleet, air traffic growth has returned to the long-term trend Boeing forecast 20 years ago. Compared to 2023, passenger air traffic will rise an average of 4.7% annually over the next two decades, according to the CMO.
"This is a challenging and inspiring era for aviation. The return to more typical traffic growth shows how resilient our industry is, even as we all work through ongoing supply chain and production constraints amid other global challenges," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing.
CMO forecast highlights through 2043:
Air travel trends:
Key growth drivers:
Services on the rise:
"As airlines respond to robust passenger demand, the services market continues to expand, not only as a result of fleet growth, but also with an increased focus on reducing operating costs and deploying efficient and sustainable solutions," said Dan Abraham, senior vice president of Boeing Global Services Commercial Sales and Marketing.
New deliveries (2024-2043) |
|
Regional Jet |
1,525 |
Single Aisle |
33,380 |
Widebody |
8,065 |
Freighter |
1,005 |
Total |
43,975 |
Boeing has published the CMO annually since 1961. As the longest-running forecast of its kind, the CMO is regarded as the most comprehensive analysis of the commercial aviation industry. The complete outlook is available at: boeing.com/cmo.
*Boeing will release its complete Pilot and Technician Outlook on July 22
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SOURCE Boeing