PARIS (Reuters) – Airbus on Monday revised up its 20-year demand forecast for jetliners as many airlines modernise long-haul fleets and Asia’s surging economies lock into air travel.
The world’s largest planemaker predicts the global fleet will more than double to 48,230 planes in the next two decades. This forecast was outlined in their annual report on jet industry trends.
Airbus forecasts 42,430 new airplane deliveries in the next 20 years, including 41,490 passenger jets. Both figures show a 4% increase from the previous survey. #AirbusDemandForecast
Airbus categorizes its demand forecasts into trips typically flown on single-aisle planes, the industry’s best-selling models. They also analyze the marathon segment for wide-body jets.
Improvements in range and performance of single-aisle planes have expanded their market reach. This transformation includes enhancing transatlantic travel options previously dominated by larger aircraft.
The report comes as the planemaker’s long-distance, single-aisle A321XLR is expected to win certification in coming days. Boeing is developing a longer-range version of its 737 MAX. #AirbusDemandForecast
After a prolonged lull, demand for larger wide-body planes is accelerating sharply as airlines renew capacity, and the most significant changes in Airbus’ forecast affect the long-haul fleet.
Airbus revised up its total wide-body demand forecast by 9% to 8,920 units, led by double-digit increases in South America and North America. For the Middle East, one of the largest markets for wide-body planes due to the presence of huge connecting hubs, Airbus trimmed its forecast by 2% amid reports of overcapacity.
Additionally, Airbus’s forecast emphasizes the importance of technological innovation and sustainability. This strategic foresight reinforces Airbus’s leadership in the commercial aircraft market.
