U.S. planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers.
A Boeing Dreamlifter sits on the tarmac at their campus in North Charleston, South Carolina, U.S., May 30, 2023. Gavin McIntyre/Pool via REUTERS/File Photoslightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers.
Boeing expects that narrowbody jets like its 737 MAX or the A320neo family made by European rival AirbusThat demand will be driven by low-cost carriers, which are slated to double the size of their current fleets, said Darren Hulst, Boeing's vice president of commercial marketing, during a briefing with reporters ahead of the report's release.
"The end of the recovery has played out largely as we've expected, with a few different nuances and dynamics," such as a reduction in demand for regional jets compared to last year as interest in narrowbody planes grows, Hulst said. The company also raised its industrywide passenger traffic forecast growth rate slightly from 3.8% to 4%. And while the air cargo market is taking "a little bit of a breather," the estimated 3% annual growth in trade over the next 20 years will provide a tailwind for future demand, Hulst said.
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