Boeing (still) bullish on freighters
Boeing projects air cargo traffic will grow at an annual rate of 4.7 per cent over the next 20 years, with global air freight traffic expected to more than double by 2033.
November 10, 2014
Boeing projects air cargo traffic will grow at an annual rate of 4.7 per cent over the next 20 years, with global air freight traffic expected to more than double by 2033. Th e aircraft manufacturer released its biennial World Air Cargo Forecast at the International Air Cargo Forum and Exhibition in early October.
And somewhat surprisingly Randy Tinseth, vice president of marketing, Boeing Commercial Airplanes also noted that Boeing expects the percentage split between cargo uplifted by freighters and that carried in the belly of passenger aircraft to remain the same at 55 and 45 per cent respectively.
When asked how he expects this split to remain the same given the significant influx of new wide body aircraft able to carry even greater amounts of cargo in their belly holds than previous generation of aircraft, Tinseth said that Boeing creates its forecast it first looks at the passenger forecast. And from that “we make an assumption of how much cargo will be carried by those passenger aircraft and we take it out with the assumption the rest is going to be cargo carried on dedicated freighters.”
“We expect the wide body market to grow and we’ve accounted for that,” he said adding the analysis took into account the fact that the new generation of both Boeing and Airbus wide bodies have greater belly capacity than the aircraft they are replacing.