Boeing sees 3% increase in airplane deliveries over the next 20 years

With air travel fully recovered and even surpassing pre-pandemic demand, Boeing projected a 3% increase in airplane deliveries over the next 20 years, with carriers requiring nearly 44,000 new commercial airplanes by 2043. Leading into the Farnborough International Airshow, Boeing released its 2024 Commercial Market Outlook, which also predicts emerging markets and global single-aisle market demand will remain primary growth drivers for the industry. Air travel demand continues to outpace economic growth in an increasingly connected world. Four years after the pandemic grounded most of the global fleet, air traffic growth has returned to the long-term trend Boeing forecast 20 years ago. Compared to 2023, passenger air traffic will rise an average of 4.7% annually over the next two decades, according to the CMO. “This is a challenging and inspiring era for aviation. The return to more typical traffic growth shows how resilient our industry is, even as we all work through ongoing supply chain and production constraints amid other global challenges,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing.