Boeing Forecasts Surge in Jet Demand, Driven by China's Expanding Air Travel Market

Boeing sees jet demand increasing, led by China
China's air travel market expected to grow rapidly
Boeing forecasts 43,610 new jets needed over next 20 years
Single-aisle jets like 737 MAX expected to drive growth
Rebound in air travel boosting demand for new aircraft

barrons.com

Relevant topic timeline:

8/31/2023

Gina Raimondo’s Boeing support raises hope that China may order its planes again

Market hopes are rising for increased orders of American-made Boeing aircraft from Chinese airlines as tensions ease and the need for new supplies grows, following US Commerce Secretary Gina Raimondo's visit to China and discussions on economic cooperation.

8/31/2023

U.S. Consumer Oil Demand Has Exceeded Expectations

Standard Chartered predicts that U.S. demand for jet fuel and gasoline will continue to surpass expectations from earlier this year, while demand from the industrial sector remains weaker than anticipated, indicating a pattern that is likely to persist in the coming months.

9/6/2023

Airlines warn about spike in fuel costs, Southwest narrows revenue outlook

Major U.S. airlines are facing a spike in jet fuel prices, which could impact their costs during the busy summer travel season and raise concerns about the ability to pass on the increase to customers.

9/11/2023

Biden Announces $8 Billion Boeing Deal with Vietnam During Visit

Boeing's stock rises as President Biden reveals an $8 billion deal for the sale of 737 MAX jets to Vietnam Air.

9/14/2023

Rising Costs Dampen Profit Outlook for Airlines, Delivery Firms as Unions Push for Higher Pay

A surge in fuel costs and employee pay hikes are impacting profits for companies across various industries, particularly airlines, as Delta, American, Alaska, and Southwest Airlines all revise their earnings forecasts.

10/10/2023

Boeing Books Over 200 Jet Orders in September, But Deliveries Lag Due to MAX Production Problems

Boeing experienced strong sales in September with 214 net new commercial airplane orders, surpassing European rival Airbus, but manufacturing quality issues and the impact of the pandemic have resulted in lower jet deliveries.

Topics

Posted 9/20/2023, 9:57:00 AM

Boeing Forecasts Surge in Jet Demand, Driven by China's Expanding Air Travel Market

Boeing sees jet demand increasing, led by China
China's air travel market expected to grow rapidly
Boeing forecasts 43,610 new jets needed over next 20 years
Single-aisle jets like 737 MAX expected to drive growth
Rebound in air travel boosting demand for new aircraft

barrons.com

Relevant topic timeline:

8/31/2023

Gina Raimondo’s Boeing support raises hope that China may order its planes again

8/31/2023

U.S. Consumer Oil Demand Has Exceeded Expectations

9/6/2023

Airlines warn about spike in fuel costs, Southwest narrows revenue outlook

9/11/2023

Biden Announces $8 Billion Boeing Deal with Vietnam During Visit

Boeing's stock rises as President Biden reveals an $8 billion deal for the sale of 737 MAX jets to Vietnam Air.

9/14/2023

Rising Costs Dampen Profit Outlook for Airlines, Delivery Firms as Unions Push for Higher Pay

10/10/2023

Boeing Books Over 200 Jet Orders in September, But Deliveries Lag Due to MAX Production Problems