SEATTLE/PARIS: Boeing cut its rolling 20-year forecast for airplane demand on Tuesday as economic turmoil from the COVID-19 pandemic lays waste to deliveries in the next few years.
It predicted 18,350 deliveries in 2020-2029, down 10.7per cent from an unpublished forecast of 20,550 embedded in the last report. "It will take longer from this crisis but ... the industry will prove resilient again; the fundamentals aren't changing," Hulst said. Boeing cut its 20-year forecast for twin-aisles like its 787 Dreamliner and the Airbus A350 by 10.3per cent. At 7,480 jets, down from 8,340 a year ago, that part of the 20-year forecast is now below 8,000 units for the first time since 2010.
Boeing now sees 32,270 deliveries in this medium-haul category, traditionally the cash cow of large planemakers. That includes 13,570 deliveries between now and 2029.