Boeing boosts forecast for airplane market to $5.2 trillion

SHARE Boeing boosts forecast for airplane market to $5.2 trillion

Boeing raised its long-term forecast for new airplane demand by more than 4 percent, and it’s smaller aircraft and orders from the Asia-Pacific region that are driving growth.

The Chicago company said Thursday it expects deliveries of 36,770 new airplanes over the next 20 years, with total list prices valued at an estimated $5.2 trillion.

Low-cost carriers are fueling the fastest growing segment of the market, single-aisle airplanes. Those aircraft make up 70 percent of all orders, with the heart of that demand found in the 160-seat range.

“There’s no question the market is converging to this size, where network flexibility and cost efficiency meet,” said Randy Tinseth, Boeing’s commercial airplanes marketing vice president.


Boeing, Emirates finalize $56 billion jet order

Boeing to show off newest Dreamliner at UK airshow

Boeing deliveries rise 7% in second quarter

Boeing, Airbus dogfight brewing


Small, widebody planes in the 200- to 300-seat range are leading demand in the twin-aisle segment of the market, the company said. Boeing forecasts 4,520 deliveries for those planes over the next 20 years, compared to 620 for widebody jets with 400 seats or more.

Boeing Co. said in its annual current market outlook that about 37 percent of the airplane deliveries, or 13,460, will be made in the Asia-Pacific market, with North America and Europe the next two most common destinations.

Tinseth described the market for airplanes as “strong and resilient.”

Boeing updated its forecast ahead of next week’s opening of the Farnborough Airshow near London, one of the aviation industry’s prestige events.

Shares of Boeing Co. hit an all-time high this year, but have fallen almost 8 percent this month.

The Associated Press

The Latest
In her fifth season, she averaged 14.2 points and 2.9 rebounds for the Zags. Maxwell’s addition sets up an even more competitive training camp in Chicago.
In a news release, the company said Chris Crane will be remembered for his ‘transformational milestones’ on safety and equity, specifically related to his work in the nuclear energy field.
Holtzman played 15 seasons in the major leagues from 1965-1979, beginning and ending his career with the Cubs.
The Sky acquired the No. 7 pick from the Lynx in exchange for the No. 8 pick in the 2024 WNBA Draft, forward Sika Koné, a 2025 second-round pick and the right to swap 2026 first-round picks. Additionally, the Sky received the rights to forward Nikolina Milic.
The teams’ contract with rights holder NBC Sports Chicago expires in October, though there’s a possibility that the sides could agree to a six-month extension, in which case Stadium would take over when the Sox begin play next year.