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| Boeing improves its jet demand forecast, but next 10 years still expected to be below pre-pandemic levels | Boeing improves its jet demand forecast, but next 10 years still expected to be below pre-pandemic levels |
| (about 1 month later) | |
| US planemaker Boeing has upgraded its long-term demand forecasts on the expectation that domestic travel will recover to pre-Covid crisis levels in 2022 and international flying will rebound in 2024. | US planemaker Boeing has upgraded its long-term demand forecasts on the expectation that domestic travel will recover to pre-Covid crisis levels in 2022 and international flying will rebound in 2024. |
| The aerospace giant expects 43,610 commercial jet deliveries over the next 20 years, worth $7.2 trillion. That’s an increase of 500 units from the 43,110 projected a year ago. In its shorter 10-year view, which is more sensitive to the severe fallout for airlines from the coronavirus pandemic, Boeing sees 19,330 deliveries, up from last year’s forecast of 18,350. | The aerospace giant expects 43,610 commercial jet deliveries over the next 20 years, worth $7.2 trillion. That’s an increase of 500 units from the 43,110 projected a year ago. In its shorter 10-year view, which is more sensitive to the severe fallout for airlines from the coronavirus pandemic, Boeing sees 19,330 deliveries, up from last year’s forecast of 18,350. |
| “One of the strongest reasons for confidence is how quickly we have seen a bounce-back in domestic travel in the last 12 months,” said Marc Allen, Boeing’s chief strategy officer. Over the next decade, Boeing sees demand for $9 trillion of goods and services in all of the markets it operates. | “One of the strongest reasons for confidence is how quickly we have seen a bounce-back in domestic travel in the last 12 months,” said Marc Allen, Boeing’s chief strategy officer. Over the next decade, Boeing sees demand for $9 trillion of goods and services in all of the markets it operates. |
| The forecast for defense and space sectors is flat at $2.6 trillion. The company slightly increased its 20-year forecast for deliveries of twin-aisle models like its 787 Dreamliner to 7,670 jets. The segment remains the hardest hit by the coronavirus crisis, with analysts still seeing uncertainty due to new Covid-19 variants. | The forecast for defense and space sectors is flat at $2.6 trillion. The company slightly increased its 20-year forecast for deliveries of twin-aisle models like its 787 Dreamliner to 7,670 jets. The segment remains the hardest hit by the coronavirus crisis, with analysts still seeing uncertainty due to new Covid-19 variants. |
| As for medium-haul single-aisle jets, like the 737 MAX, Boeing sees 32,660 deliveries over the next 20 years, up from the previous 32,270.The company cut its 20-year forecast for freighter demand to 890 jets from the 930 it projected a year ago. | As for medium-haul single-aisle jets, like the 737 MAX, Boeing sees 32,660 deliveries over the next 20 years, up from the previous 32,270.The company cut its 20-year forecast for freighter demand to 890 jets from the 930 it projected a year ago. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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