Nucor earnings beat by $0.08, revenue fell short of estimates
Investing.com -- Airbus expects passenger traffic to grow 3.6% annually over the long term, with domestic India flights and travel across Asia leading this expansion.
Shares in Airbus (EPA:AIR) were down 1.2% following the announcement.
The plane manufacturer projects that this growth will necessitate 43,400 new passenger and freighter aircraft deliveries over the next 20 years. Of these, approximately 34,250 will be single aisle aircraft and 9,170 will be widebodies.
According to Airbus, the global in-service fleet will double to more than 49,000 aircraft by 2044.
The company stated that passenger traffic will maintain its growth trajectory despite short-term uncertainties. This increase will be fueled by global economic growth and a 1.5 billion expansion in the global middle class.
Airbus identified domestic India traffic as the fastest-growing segment at around 8.9%, closely followed by travel to China from Asia at 8.5%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.