A few days later, its long-standing rival Boeing unveiled a similar, if slightly more ambitious, vision: 48,575 aircraft in circulation by 2042, with 42,595 to be produced between now and then. This should make the industry's goal of achieving carbon neutrality by 2050 a little more difficult. However, the deployment of new-generation aircraft should support the process: the latest aircraft consume up to 25% less kerosene than their predecessors.

Where will demand come from? Mainly from Asia. China is expected to absorb 20% of all aircraft, Eurasia 21% and Asia-Pacific 22%, i.e. two-thirds of all aircraft to be produced in the region. North America should account for 23% of production. In addition, the rise in global GDP is expected to bring 500 million people into the middle class, as many potential travelers. Finally, the sector anticipates strong growth in low-cost airlines, domestic and short-haul flights.

While this outlook is a source of great satisfaction for the airline industry, it does not seem to address the urgent need to protect biodiversity. As a reminder, it is estimated that bird populations on the European continent have fallen by 25% over the last forty years, and that Europe loses an average of 20 million birds a year, although this decline is not attributed solely to the explosion in aircraft traffic, but to a combination of human factors. Let's hope that our favorite birds will learn to wear helmets in the future, before taking to the ever more crowded skies.

 

Drawing by Amandine Victor for MarketScreener