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The company's projections indicate that the middle class, the demographic most likely to fly, will grow by 1.4 billion individuals by then (a 34% rise).
"Worldwide air travel is robust and intertwined with global economic expansion and individuals' wish to journey." According to the report, short-term disruptions like regional conflicts and elevated fuel prices do not diminish long-term demand, as historical data indicates.
"Passenger traffic is expected to rise each year by 3.9% for the next two decades, fueled by a 2.6% growth in global GDP, an expanding urban populace, and a burgeoning middle class.
The demand for aircraft over the next two decades will total 42,060. This will substitute 19,820 outdated aircraft and boost the worldwide fleet by 22,240 aircraft. About 81% of these planes will be narrow-body and 19% wide-body, indicating the persistent trend towards enhanced efficiency and lower CO2 emissions.
By the conclusion of 2025, the worldwide fleet totaled 23,210 airplanes. Airbus anticipates this reaching 45,550 by the conclusion of 2045.
source: ft.com
"Worldwide air travel is robust and intertwined with global economic expansion and individuals' wish to journey." According to the report, short-term disruptions like regional conflicts and elevated fuel prices do not diminish long-term demand, as historical data indicates.
"Passenger traffic is expected to rise each year by 3.9% for the next two decades, fueled by a 2.6% growth in global GDP, an expanding urban populace, and a burgeoning middle class.
The demand for aircraft over the next two decades will total 42,060. This will substitute 19,820 outdated aircraft and boost the worldwide fleet by 22,240 aircraft. About 81% of these planes will be narrow-body and 19% wide-body, indicating the persistent trend towards enhanced efficiency and lower CO2 emissions.
By the conclusion of 2025, the worldwide fleet totaled 23,210 airplanes. Airbus anticipates this reaching 45,550 by the conclusion of 2045.
source: ft.com