2023 forecast, delving into the aerospace forecast, we draw insights from the recovery in domestic air passenger traffic and key industry indicators. According to the U.S. Department of Transportation Bureau of Statistics Annual Report 2022, the resilience of consumer demand is evident, with the number of aircraft departures in the first nine months of 2022 reaching 90.4% of departures in the same period in 2019.
Despite year-end holiday travel challenges, U.S. air travel is poised to surpass pre-pandemic levels, and with China easing travel restrictions, international air travel is expected to follow suit. Airlines, responding to rising oil prices, are not only returning parked jetliners to service but are also prioritizing the replacement of current aircraft with more fuel-efficient versions.
Contrary to predictions of a recession in 2023, economic experts suggest a more optimistic outlook, with resilient consumer demand contributing to a continued rebound in commercial aerospace. Supply chain disruptions are expected to diminish, further supporting the demand for newer and more economical aircraft.
In a notable development, Airbus delivered 661 commercial aircraft to 84 customers in 2022, representing an 8% increase compared to the previous year. The company reported 820 net new orders, surpassing the figures from 2019. Airbus CEO Guillaume Faury acknowledged the challenges faced and expressed gratitude to the teams and partners, emphasizing the ongoing ramp-up trajectory to fulfill the substantial backlog.
In specific aircraft categories, Airbus’ A220 and A320neo family secured significant orders, while the widebodies category, including the A330 and A350, contributed to the overall positive performance.
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