Aircraft
Boeing Ups Expected Demand for Commercial Airplanes
Market outlook calls for 44,000 new commercial jets by 2043
Boeing Market Outlook 2024
© Boeing

Boeing has upgraded its 20-year demand forecast for commercial jets and now predicts that airlines will need 43,975 new airplanes over the next 20 years.

The revised forecast, released ahead of the Farnborough Airshow, represents an increase of 1,375 aircraft over its previous forecast, which the U.S. airframer attributes to the faster-than-expected recovery of air travel after Covid-19. Four years after the pandemic grounded most of the global fleet, air traffic growth is reconnecting with previous trends and will rise an average of 4.7% annually over the next two decades, according to Boeing’s 2024 commercial market outlook (CMO).