Travel
Boeing Forecasts Demand for 42,600 New Commercial Jets Over Next 20 Years
– Air travel demand outpacing economic growth as domestic markets fully recover; international traffic returning to pre-pandemic levels by 2024
– About half of deliveries to replace older jets with more fuel-efficient models, reducing emissions
– New airplane demand valued at $8 trillion; commercial services valued at $3.8 trillion
With a resurgence in international traffic and domestic air travel back to pre-pandemic levels, Boeing [NYSE: BA] projected global demand for 42,595 new commercial jets by 2042, valued at $8 trillion. Boeing released its 2023 Commercial Market Outlook (CMO), the company’s forecast of 20-year demand for commercial airplanes and services, in advance of the Paris Air Show.
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