Boeing projects that the global coronavirus pandemic will result in 11% fewer new jets being delivered in the next decade compared to previous forecasts.
That’s about 2,200 fewer large aircraft built by all manufacturers, or 220 fewer per year on average. Those are mostly projected to be Airbus and Boeing jets but also include smaller regional jets and some built by up-and-coming competition in China.
The projection, part of Boeing’s annual 20-year forecast of total commercial jet industry demand, indicates the severity of the downturn in the aviation business, the challenges still ahead and a painfully slow path to recovery.
Boeing’s forecast, released Tuesday, assumes that the pandemic’s impact will hit hardest through the next three years.
Briefing journalists on the projections, Darren Hulst, vice president of commercial marketing at Boeing, said it will take that long for passenger traffic to recover to 2019 levels.
And he said it will