FridayOL

Paris, France – Despite ongoing global trade tensions, Airbus has reaffirmed its confidence in the future of air travel, significantly revising upwards its forecast for jet demand over the next two decades. The announcement, made today to investors and suppliers, signals a robust outlook for the aviation industry, suggesting it's well-equipped to navigate the current economic climate.

The European aerospace giant now anticipates a need for 40,080 new aircraft deliveries between 2024 and 2043. This represents a notable increase from their previous forecast released in 2019, reflecting a stronger-than-expected recovery in air travel and evolving market dynamics. The updated projection considers factors like increased passenger numbers, the rise of low-cost carriers, and the growing demand for more fuel-efficient aircraft.

Key Drivers Behind the Increased Demand

• Growth in Asia-Pacific: Airbus highlights the Asia-Pacific region as a primary driver of future demand, projecting substantial growth in passenger traffic and aircraft orders. The expanding middle class and increasing disposable incomes in countries like China and India are fueling this trend.
• Single-Aisle Aircraft Dominance: The forecast emphasizes the continued dominance of single-aisle aircraft (like the A320 family) for short to medium-haul routes. Airbus expects these aircraft to account for over 70% of new deliveries, reflecting the efficiency and versatility of these planes.
• Sustainability Focus: A significant aspect of Airbus’s revised forecast is the increasing demand for more sustainable aircraft. With growing pressure from governments and consumers to reduce carbon emissions, airlines are actively seeking fuel-efficient and potentially alternative-fuel powered aircraft. Airbus is investing heavily in developing hydrogen-powered and hybrid-electric aircraft to meet this demand.
• Regional Connectivity: The forecast also anticipates a rise in demand for aircraft serving regional routes, connecting smaller cities and towns. This trend is supported by the increasing importance of regional tourism and business travel.

Navigating Trade Tensions and Economic Uncertainty

While Airbus remains optimistic, the company acknowledges the ongoing challenges posed by trade tensions and broader economic uncertainty. The company has stressed the importance of maintaining open trade policies and fostering international cooperation to ensure the continued growth of the aviation industry. Airbus is actively working with governments and industry partners to mitigate the impact of these challenges.

Implications for Airlines and Suppliers

The revised forecast provides valuable insights for airlines planning their fleet expansions and upgrades. It also signals strong demand for aircraft components and services, benefiting Airbus’s extensive network of suppliers. The emphasis on sustainability suggests a need for suppliers to invest in developing eco-friendly materials and technologies.

“This updated forecast confirms our long-term belief in the resilience and continued growth of the air transport industry,” stated Guillaume Faury, Airbus CEO. “We are committed to providing airlines with the innovative and sustainable aircraft they need to meet the evolving demands of their passengers and contribute to a more environmentally responsible future.”

The announcement reinforces Airbus’s position as a leading force in the global aerospace market and underscores the company's dedication to shaping the future of flight.