Despite the production and supply chain issues that Boeing has been facing recently, the U.S. airplane maker remains optimistic about its results in the next couple of decades.
Sharing its 2024 Commercial Market Outlook (CMO) this week, Boeing said that it expects a 3% increase in airplane deliveries in the next 20 years.
The company now predicts it will ship 43,975 new jets during the period. Out of that number, 33,380 will be single-aisle planes, 8,065 will be widebody planes, 1,525 will be regional jets, and 1,005 will be freighters.
Boeing believes it will benefit from a growing travel demand, an increase in competition in the airline industry, and the need to replace older plane models. Half of the predicted deliveries will go towards increasing the fleet of airliners, while the other half will serve replacement needs.
“This is a challenging and inspiring era for aviation. The return to more typical traffic growth shows how resilient our industry is, even as we all work through ongoing supply chain and production constraints amid other global challenges,” Boeing’s senior vice president of Commercial Sales and Marketing Brad McMullen said.
Boeing is currently recovering from the crisis caused by the faulty design of its 737 MAX 9 model. The company is currently revamping its production and safety process.