Overview

• The updated outlook calls for 43,600 new commercial airliners through 2044 to support the projected fleet size
• Annual passenger traffic growth has been trimmed to 4.2% from last year’s 4.7% forecast alongside lower cargo and economic growth estimates
• Supply chain disruptions and an FAA cap on 737 production at 38 planes per month have created a backlog that may leave carriers 1,500 to 2,000 jets short
• China and South/Southeast Asia are expected to drive half of capacity growth while Middle Eastern operators expand their share of the global fleet
• Boeing CEO Kelly Ortberg and Commercial Aircraft head Stephanie Pope withdrew from the Paris Air Show to focus on the investigation of the recent Air India 787-8 crash