Boeing delivered 54 jets through November and, if it hits its target, could break 60 for the year despite a three-month production delay due to battery issues with the jet.
Boeing estimates that between 2013 and 2032, the world will demand 35,280 airplanes valued at $4.84 trillion. Most of this demand is expected to come from Asia Pacific ($1.89 trillion, or about 39 percent of total) and Europe ($1 trillion, or about 20 percent of total).
On Friday, Boeing announced a deal with Cathay Pacific based in Hong Kong for 21 777-9x airplanes valued at more than $7 billion. The 777x program was launched just one month ago at the Dubai Airshow and has already racked up 259 orders valued at $95 billion, making it the largest production launch in commercial jetliner history. First deliveries of the aircraft are scheduled for 2020.
Boeing reports that the 400-seat 777-9x “will be the largest and most efficient twin-engine commercial jet in the world with the lowest operating cost per seat of any commercial airplane and no competitor in its market segment.”
Boeing reports in its 2013-2032 long-term market outlook that the industry is expected to sustain a growth rate of about 5 percent per year. Passenger traffic and air cargo traffic are expected to grow at 5 percent annually through 2032, although air cargo traffic has moderated recently, contracting 1.5 percent in 2012. Boeing stock is up more than 81 percent on the year.
(Dan Ritter - Wall Street Cheat Sheet)