Boeing revised up its forecast for long-term demand for aircraft as commercial flights resumed in markets including the United States, softening a grim outlook at the height of last year’s coronavirus shutdowns.
The US aircraft maker, which dominates aircraft sales with European Airbus, expects to deliver 43,610 commercial planes in the next 20 years, worth 7.2 trillion, 500 units more than the 43,110 planes forecast a year ago.
In the shorter term, i.e. within 10 years, which is more affected by the serious repercussions of the pandemic on aircraft companies, Boeing expects to deliver 19,330 aircraft, up from the previous year’s forecast of 18,350 aircraft.
The 10-year outlook is 6% lower than the forecast published in 2019, but the decline from pre-pandemic levels is down from 11% a year ago.
“One of the strongest reasons for confidence is the speed with which we’ve seen the recovery of domestic travel in the past 12 months,” Boeing chief strategy officer Mark Allen told reporters.
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