Airbus revises up jet demand forecast, shaves traffic growth By Reuters



LONDON (Reuters) – Airbus (PA:) on Wednesday revised up forecasts for jetliner demand over the next 20 years led by growth in Asia, despite the industry’s short-term concerns over global trade tensions.

The European planemaker said the world’s fleet of passenger jets and freighters would more than double to 47,680 aircraft by 2038.

That is slightly less than the size of the future fleet Airbus had anticipated in a comparable forecast a year ago, as airlines squeeze more productivity out of their aircraft.

But the demand for new jets needed to reach that total has been revised upwards because Airbus believes airlines will replace a greater proportion of jets than previously thought.

Airbus said it now expects airlines and leasing companies to take delivery of 39,210 new passenger jets and freighters over the next two decades compared to 37,389 previously forecast.

Airbus however shaved its forecast for average 20-year traffic growth to 4.3% a year from 4.4% in its previous report.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *