With Latin American air travel outpacing the industry’s global recovery, the region’s commercial fleet is projected to grow by more than 85% over the next 20 years, fueled by the strength of domestic and intra-regional travel, Boeing [NYSE: BA] said today. The region is well-positioned for healthy recovery beyond near-term market disruptions.
According to Boeing’s 2022 Commercial Market Outlook (CMO), the Latin American and Caribbean region will need 2,240 new airplanes by 2041. The CMO, an annual projection for commercial airplanes and services, forecasts that more than 2,000 single-aisle deliveries will more than double the current fleet to serve popular leisure routes between North America, Mexico and the Caribbean, while also expanding intra-regional networks. As the fleet grows, demand for commercial aviation services will grow as well, reaching $165 billion in value over the forecast period.
