Boeing Forecasts China Will Require Nearly 8,500 Passenger And Freighter Jets Through 2041
Boeing is promoting its 2022 Commercial Market Outlook (CMO) for China, forecasting that the country’s growing economy will see its commercial airplane fleet more than double over the next 20 years. Despite the impact of the pandemic on China’s near-term growth, Boeing predicts that demand for air travel and air freight will continue to trend upwards through 2041, with the country’s commercial fleet growing from around 3,900 airplanes to more than 9,600 through 2041.
Ongoing Staffing Challenges Reportedly Limiting Full Fleet Utilization
Spirit Airlines announced their third-quarter financial results with a follow-up earnings call last week. Spirit posted a slight adjusted pretax loss, citing the impact of Hurricane Ian and higher fuel cost, but recognized a 35.4 percent increase in revenue from Q3 2019 and 13.5 percent capacity increase in the same period. Spirit continues to take on new aircraft and expects an additional 33 aircraft deliveries in 2023.
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