- Boeing anticipates global airlines will purchase 42,595 aircrafts worth approximately $8 trillion in the next 20 years, despite growing concerns about climate change influencing consumer travel choices. Taking into account increasing activism regarding jet emissions, Boeing's Vice President of Marketing, Darren Hulst, acknowledges the potential decline of commercial flights shorter than 500 miles.
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Governments are encouraging consumers to opt for greener transportation alternatives like trains. Airlines can increase productivity by 20% through larger planes, denser seating, and higher aircraft utilization. Boeing expects the global fleet to double by 2042, growing at a rate of 3.5% per year. Airbus predicts 40,850 new jets entering the commercial market.
Why it matters
Both Boeing and Airbus anticipate that single-aisle jets will remain the dominant force in the market for the next 20 years. Boeing projects that its 737 Max and Airbus's A320neo, which are considered workhorse aircraft, will account for 76% of the expected sales. In contrast, Airbus forecasts a slightly higher percentage of 80% for these types of planes.
