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Boeing Projects Increased Demand Despite High Oil, Weak Economy

Money Morning (July 9th, 2008) Writes:
By Jennifer Yousfi Managing Editor The Boeing Co. (BA), one of Money Morning’s “Global Titans,” yesterday (Wednesday) released a report that predicted $3.2 trillion in aircraft sales over the next 20 years, as air travel picks up despite current price pressures. “During 40 years of producing the Current Market Outlook, we have learned that the resilience of air transport growth comes from its intrinsic importance to the livelihood of people around the world,” the report from Boeing reads. Boeing’s annual Current Market Outlook estimates that passenger travel will grow at a 5% rate, and cargo will grow at a 5.8% over the next several years. Despite record fuel costs, air travel and shipping has become an integral part of daily life for many consumers and businesses. Boeing says that demand will only grow. A lot of that growth is expected to come from ...

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