By Pierre Bertrand

Airbus SE on Monday issued a new, slightly higher 20-year forecast for global plane deliveries as it expects airlines will speed up work to replace old aircraft with newer, more fuel-efficient models.

The European plane maker said that it expects 39,490 new planes to be delivered world-wide by 2041.

Of that number, Airbus expects 38,600 to be passenger planes and 890 to be cargo freight planes.

In November, the company had expected 39,020 new plane deliveries in its previous 20-year forecast.

However, Airbus also said it now expects demand for passenger traffic to grow 3.6% annually over the next 20 years, a slight downgrade from the company's previous forecast of 3.9% annual growth, as it expects higher energy costs to hurt consumer demand.

The company said that 20% of the world's feet of planes is of the latest generation and the pace with which airlines update their fleets will likely increase in the future, as they attempt to reach sustainability targets and cut down on fuel costs.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

July 11, 2022 11:10 ET (15:10 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Airbus (EU:AIR)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024 Click aqui para mais gráficos Airbus.
Airbus (EU:AIR)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024 Click aqui para mais gráficos Airbus.