Airbus revises up jet demand forecast, shaves traffic growth
LONDON - Airbus on Wednesday revised up forecasts for jetliner demand in the next 20 years led by growth in the new industrial hubs of Asia, while voicing alarm over rising protectionism.
That is slightly smaller than the future fleet Airbus had anticipated in a comparable forecast one year ago, as airlines squeeze extra productivity out of their aircraft by adding more and slimmer seats or using them for longer periods of the day. Airbus expects 36% of these new deliveries to replace existing aircraft with the rest slated to meet growth in demand, with traffic expected roughly to double over the next 15 years.
Recent airline industry statistics suggest traffic is growing but at a slower rate this year amid trade tensions.Growth continues to be dominated by Asia, where traffic is due to treble over the next 20 years. China’s domestic market is expected to leapfrog the United States and Western Europe to become the largest aviation hub, while India and new manufacturing markets like Vietnam are growing the fastest.
Environmental groups backing a global “climate strike” say more radical steps are needed to meet such goals.
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