Boeing sees full air travel recovery by 2024
Plane maker Boeing sees a full air travel recovery by 2024.
The company is painting a rosy outlook with increased orders for commercial planes over the next decade, according to its annual market outlook report.
"We’ve lost about two years of growth. However, we see a recovery to pre-virus levels by the end of 2023 or early 2024," said," Darren Hulst, VP for commercial marketing at Boeing.
Looking further into the future, Boeing said the 20-year outlook ‘remains intact’ with about 4% annual growth in air travel.
The current gradual recovery is mostly fueled by domestic travel.
It says about 84% of domestic travel had returned to pre-pandemic levels as of July, but international travel remains at only one-quarter of 2019 levels.
Long haul air travel will take at least two more years to get back on track.
Overall, Boeing is projecting a $9 trillion aerospace market over the next 10 years.
Boeing sees demand for more than 30,000 new single-aisle planes through 2040, which is about the same as predicted before the pandemic.
However it sees a big increase of about 70% for cargo jetliners through 2040 to meet e-commerce demand.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers flexible payment options for European travellers
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Skyscanner reveals major travel trends 2026 at ITB Asia
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists