Northwest Aerospace News October | November Issue No. 11 | Page 17

Aircraft Travel Demand FORCAST GROWTH RATES INDUSTRY FOCUS STRATEGIC INSIGHT FLEXIBILITY COLLABORATIVE APPROACH [email protected] AeroDynamic Advisory is a boutique aerospace consulting firm specializing in aerospace strategy and growth, MRO, transaction support, customer satisfaction, and economic development. We work with the world’s leading aviation and aerospace companies – from the very largest to small and mid-cap companies and consider ourselves as “part of the industry,” not “outside consultants.” While we bring an independent and objective perspective, we understand the aviation and aerospace industries and we contribute to the collective market understanding through conference presentations, focused surveys, and white papers. aerodynamicadvisory.com Passenger traffic will continue to grow in the coming years. Drivers of growth include continued air traffic liberalization and the subsequent growth of low-cost carriers globally, the rise of the middle class in developing countries, and an increased propensity to spend money on travel. Aircraft OEM Air Travel Demand Forcast Growth Rates (2018-2038) 4.6% AeroDynamic Advisory 2018-2023 Fleet Forcast UNITS 39,000 4 .5 % CAGR = 29,250 4.4% 4.8% 19,500 9,750 0 2018 2019 2020 2021 2022 2023 Air travel demand (measured in revenue passenger kilometers), is expected to grow 4.4-4.8% per annum over the next two decades, according to aircraft OEM forecasts. This will drive fleet growth of 4.5% per year from 2018-2023. Source: Airbus, Boeing, Bombardier. Alton Aviation / AeroDynamic Advisory fleet forecast OCTOBER NOVEMBER 2019 ISSUE NO. 11 AERODYNAMIC ADVISORY LLC | PHONE: [phone] | | AERODYNAMICADVISORY.COM 17