Tag: Demand

GE Aerospace Raises 2025 Profit Forecast on Robust Aftermarket Demand

Reuters reports GE Aerospace raised its 2025 profit forecast on Tuesday, projecting a strong finish to the year on robust demand for aftermarket maintenance services due to a shortage of new jets. The jet-engine maker also lifted its growth forecast for LEAP engine deliveries to more than 20% in 2025. Shares of the company were up nearly 3% in premarket trading.
Full Story (Reuters)

Pilots Demand Air India Ground Boeing 787s After Emergency System Used

The New York Times reports, “India’s largest association of pilots has asked regulators to ground all Boeing 787s in use in India and inspect them for electrical issues after one of the planes unexpectedly deployed an emergency power system over the weekend. The device, known as the ram air turbine, drops from the fuselage when a plane loses power or hydraulic pressure, and helps power critical systems like flight controls and navigation instruments.”
Full Story (New York Times – Subscription Publication)

Boeing Boosts Its Forecast for China’s Commercial Jet Fleet Demand

MarketWatch reports, “China will more than double its commercial airplane fleet by 2043, says Boeing, thanks to the expansion of the aviation industry to meet growing passenger travel and cargo demand. The U.S. plane maker said Tuesday in its annual 20-year forecast that China will need 8,830 new commercial airplanes through 2043, up from its 8,560…”
Full Story (MarketWatch)

Demand for Freighters Expected in Years to Come

Aviation Week reports that Airbus is predicting that shippers “will need 560 widebody freighters of more than 80-ton capacity from 202-41. Boeing expects demand for 515 widebody freighters over the same period.” Although much of this demand will reportedly “be satisfied by new-make cargo aircraft…new ventures are moving steadily toward converting Boeing 777s to meet the requirements for heavy cargo aircraft.”
Full Story (Aviation Week)

Airlines See Demand Rise as Rebound from COVID Continues

The Houston Chronicle reports that airlines “that cut back to survive the crisis are now blowing through profit forecasts and luring back investors.” One example of this is Virgin Australia, which has “undergone a remarkable transformation under new owner Bain Capital and plans to relist in Sydney.” Another is Ryanair, which “returned to profit in the quarter through December and sees no end to its lucrative run.” These and other “freshly streamlined carriers are capitalizing on a surge in travel since virus restrictions fell away.” The International Civil Aviation Organization “expects passenger demand to recover to pre-Covid levels on most routes this quarter and then to about 3% higher than 2019 levels by year-end.”
Full Story (Houston Chronicle)

Delta Expects Profit to Nearly Double Next Year on “Robust” Air Travel Demand

Reuters reports that Delta Air Lines just announced that it expects almost doubled profits in the coming year, due to strong demand and reduced “non-fuel operating costs.” Delta expects fourth-quarter revenue to be “7%-8% higher than the same period in 2019.” Delta sees non-fuel costs down “by as much as 7% in 2023 as the company expects to fully restore its network to pre-pandemic level, resulting in a better utilization of its resources.” Delta CEO Ed Bastian said, “Demand for air travel remains robust as we exit the year.”
Full Story (Reuters)

Boeing Increases Aviation Personnel Demand Forecast

Aviation International News reports that The Boeing Company’s 2022 Pilot and Technician Outlook “sees a need for 2.1 million personnel to meet the demand for commercial air travel, including 602,000 pilots, 610,000 maintenance technicians, and 899,000 cabin crewmembers.” Boeing “further projected a doubling of the commercial fleet, reaching 47,080 aircraft by 2041.”
Full Story (Aviation International News)

Cirrus Aircraft President: Personal Aviation Demand at All-Time High

Aviation International News reports that Cirrus Aircraft president Zean Nielsen said demand for personal aviation aircraft is at an all-time high. At the Cirrus Aircraft CX 2022 event in Knoxville, Tennessee, on January 11, Nielsen “cited a company backlog of about 700 SR series single-engine piston aircraft and ‘several hundred’ SF50 Vision Jets even as the company increased production in 2021 to build an aircraft every 16 hours.”
Full Story (Aviation International News)

Demand for Charter Flights Puts Strain on Private Jet Industry

The New York Times reported that waits for charter flights and costs have risen due to higher demand as the wealthy opt to avoid crowded commercial flights. Private Jet Card Comparisons founder Doug Gollan said, “Record private travel is beyond the capacity of the system. Some of this is beyond the control of the operators, like parts shortages or fueling delays – not because they forgot to order fuel but because there’s a shortage of truck drivers.”
Full Story (New York Times)