Boeing Raises 20-Year Sales Forecast

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Boeing 777Good news for shareholders of Boeing Co. (NYSE: BA), and Airbus as well. Boeing raised its 20-year demand forecast for commercial planes by 3.8% to 35,000.

According to the revised Boeing forecast:

Boeing projects a demand for more than 35,000 new airplanes over the next 20 years, valued at $4.8 trillion. The company released its annual Current Market Outlook (CMO) today in Paris, forecasting the world fleet to double over the next two decades. Both passenger traffic and cargo traffic are expected to grow 5 percent annually.

"This forecast gives us confidence as we increase our production rates and invest in new products like the 777X and 787-10X," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "Airlines are demanding more efficiency and that is exactly what we'll be giving them."

The single-aisle market, served by Boeing's Next-Generation 737 and the future 737 MAX, is the main driver of the forecast and continues to show strength. 24,670 new airplanes will be needed in this segment due to the growth of low-cost carriers and airlines from emerging markets.

Widebodies, such as Boeing's 747-8, 777 and 787 Dreamliner, also make up a large part of the forecast. 8,590 new airplanes will be needed in this segment, fueled in part by airlines replacing their older fleet with new, more fuel-efficient airplanes.

New Airplane Deliveries: 2013-2032
Airplane typeSeatsTotal deliveriesDollar value
Regional jets90 and below2,020$80B
Single-aisle90 - 23024,670$2,290B
Small wide-body200 - 3004,530$1,100B
Medium wide-body300 - 4003,300$1,090B
Large wide-body400 and above760$280B
New Airplane Deliveries: 2013-2032
RegionAirplane deliveries
Asia-Pacific12,820
Europe7,460
North America7,250
Latin America2,900
Middle East2,610
C.I.S.1,170
Africa1,070
World Total35,280

Filed under: 24/7 Wall St. Wire, Aerospace, Airlines Tagged: BA, featured
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