Europe's Airbus has revised up its forecast for jet deliveries over the next 20 years as soaring fuel bills prompt airlines to seek new, more fuel-efficient planes.
A logo of Airbus is seen at Airbus headquarters in Blagnac, near Toulouse, France February 14, 2019. REUTERS/Regis Duvignauhas revised up its forecast for jet deliveries over the next 20 years as soaring fuel bills prompt airlines to seek new, more fuel-efficient planes.
But it believes a spike in energy costs will also encourage many airlines to accelerate deliveries of fuel-saving models. It expects deliveries to include 38,600 passenger jets - up from 38,140 previously forecast - and 890 freighters, up from 880. Still, it expects upward pressure on energy prices and inflation to ease somewhat by the middle of the decade.
But the pace of growth is dominated by India, whose domestic market is seen growing by an average 6.6% a year over the next two decades, more than three times the U.S. average of 2.1%.
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