Boeing raises forecast for aircraft demand as pandemic recovers

Boeing raises forecast for aircraft demand as pandemic recovers
Boeing raises forecast for aircraft demand as pandemic recovers

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.

Follow the economic statement via Google News
Follow the economic statement via Google News

Print
Email

Twitter
LinkedIn
Pin Interest
Whats App

These were the details of the news Boeing raises forecast for aircraft demand as pandemic recovers for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Exxon smashes Western oil majors’ profits with $56bn in 2022

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]