Boeing expects delivery of 925 freighters between 2023-2042

As air cargo continues to outpace global growth, Boeing is expecting deliveries of 925 freighters between 2023-2042. North America will see the highest deliveries (420) during the period followed by China (190) and Eurasia (150), according to Boeing’s 2023 Commercial Market Outlook released. The freighter fleet is seen increasing from 2,270 in 2022 to 3,745 by 2042. Cargo traffic (RTKs) is likely to be 630 billion in 2042, up from 260 billion in 2022 (+3.5 percent annually). With a resurgence in international traffic and domestic air travel back to pre-pandemic levels, Boeing projected global demand for 42,595 new commercial jets by 2042 valued at $8 trillion. “The aviation industry has demonstrated resilience and adaptability after unprecedented disruption, with airlines responding to challenges, simplifying their fleets, improving efficiency and capitalising on resurgent demand,” says Brad McMullen, Senior Vice President of Commercial Sales and Marketing, Boeing. “Looking to the future of air travel, our 2023 CMO reflects further evolution of passenger traffic tied to global growth of the middle class, investments in sustainability, continued growth for low-cost carriers, and air cargo demand to serve evolving supply chains and express cargo delivery.”