Like most industry observers, Boeing expects wide-body demand to recover more slowly. See you at the top! In fact, between 2001 and 2005, Boeing delivered fewer than 1,800 commercial jets (as did Airbus). The remaining 9% is split between regional jets with fewer than 90 seats and freighters. Cumulative Growth of a $10,000 Investment in Stock Advisor, Boeing Slashes 10-Year Demand Forecast (but Maybe Not Enough) @themotleyfool #stocks $BA, consolidate production of its 787 Dreamliner, China to Sanction U.S. Defense Contractors Over Taiwan Sales, Nokia to Provide Cell Service on the Moon (and Other Space Stories), Uh-oh Boeing: Southwest Considering an Airbus Plane, Southwest Will Add More Passengers to Planes as Coronavirus Transmission Fears Wane, Copyright, Trademark and Patent Information. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. As a result, airlines can meet 5% annual demand growth with perhaps 4% annual fleet growth. All rights reserved. "While this year has been unprecedented in terms of its disruption to our industry, we believe that aerospace and defense will overcome these near-term challenges, return to stability and emerge with strength," said Boeing Chief Strategy Officer Marc Allen. Digging into the numbers, Boeing expects single-aisle planes (such as the 737 MAX and rival Airbus A220 and A320neo families) to account for 74% of demand over the next decade (13,570 deliveries). Those trends will likely continue. As a result, it projects demand for 3,060 new passenger wide-bodies between 2020 and 2029, or 17% of the overall mix. But even with some early retirements, replacement demand could fall short of Boeing's estimate by 1,000 to 2,000 units over the next decade. For comparison, fleet growth has accounted for close to 70% of commercial aircraft deliveries in recent years. Boeing Slashes 10-Year Demand Forecast (but Maybe Not Enough) The aerospace giant expects a slump in aircraft deliveries, but not a very deep one. The market could take much longer to recover, though, leading to a prolonged period of depressed earnings for Boeing. In its 2020 commercial market outlook, Boeing said that airlines would need approximately 18,350 new commercial jets over the next decade. Nevertheless, it's worrisome that Boeing is clinging to an aggressive long-term demand forecast. Boeing’s global reach includes customers in approximately 150 countries and employees and operations in more than 65 countries. Boeing now projects demand for 18,350 planes commercial planes worth $2.9 trillion over the next 10 years, an 11% drop from its forecast a year ago. Adam Levine-Weinberg has no position in any of the stocks mentioned. This suggests a possible upside of 24.9% from the stock's current price. Indeed, most are likely to be replaced by 2025, accounting for the bulk of new aircraft demand over the next five years. Returns as of 10/28/2020. Based on a typical 25-year life span for a commercial airplane, there will be a dip in replacement demand in the second half of the decade, corresponding to weak market conditions 25 years earlier, during the post-9/11 aviation industry downturn. On average, they expect The Boeing's stock price to reach $209.07 in the next year. There are about 4,000 jets that are at least 20 years old in commercial service today, according to Boeing. Boeing acknowledges that it will take several years just for airlines to get back to their pre-pandemic size. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Boeing wasn't one of them! (RTTNews) - Boeing Co. (BA) Tuesday cut its 10-year forecast for new aircraft demand, as the jet maker expects coronavirus pandemic to continue to impact sales. Stock quotes by finanzen.net. Boeing Company stock price prediction is an act of determining the future value of Boeing shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation.The successful prediction of Boeing stock future price could yield a significant profit.

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