Airbus Predicts a Lot More Planes Will Sell in the Next 20 Years

Jul 6, 2018

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Airbus is going to have a pretty good next couple of decades.

That’s what the European aircraft manufacturer predicted on Friday when it raised its 20-year forecast of plane demand by more than 7% to a total of 37,400 jets, worth $5.8 trillion at list prices.

Driving demand for Airbus are the smaller regional C Series jets it has partnered with Bombardier to produce. The jets, which seat 110 to 130 flyers, represent about 76% of all aircraft it will deliver over the next 20-year period. That’s about 28,550 deliveries worth $3.2 trillion.

Airbus’ rival Boeing is also trying to get a slice of that market, by striking a similar deal for regional jets with Embraer on Thursday.

The increased demand for Airbus jets is partly driven by Western markets’ need to replace aging aircraft, while strengthening economies in developing markets push those countries to enter the plane buying arena.

The boom comes as the airplane builder is finally recovering from lagging deliveries of its A320neo single-aisle jets. An engine shortage on those aircraft snarled Airbus’ production operations for the past two years. But now the manufacturer is making a dent in the delivery backlog, shrinking its number of undelivered jets from 100 down to 86 in June alone.

Airbus is considering raising its future production goals to 70 jets per month. That would be a significant increase from its 2019 target of 60 aircraft per month.

H/T: Reuters

Featured image by LOIC VENANCE/AFP/Getty Images.

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA Pre✓®.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
15.74%-24.74% Variable
Annual Fee
$250
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.