{"id":21747,"date":"2011-06-16T15:35:40","date_gmt":"2011-06-16T19:35:40","guid":{"rendered":"http:\/\/www.investmentu.com\/?p=20672"},"modified":"2011-06-16T15:35:40","modified_gmt":"2011-06-16T19:35:40","slug":"boeings-forecast-flies-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/16\/boeings-forecast-flies-high\/","title":{"rendered":"Boeing\u2019s Forecast Flies High"},"content":{"rendered":"

Boeing’s Forecast Flies High<\/a><\/p>\n

by Justin Dove, Investment U<\/em> Research
\nThursday, June 16, 2011<\/p>\n

Boeing’s Current Market Outlook<\/a> (CMO) set a positive tone for the airplane industry as they gear up for the 2011 Paris Air Show.<\/p>\n

Boeing<\/strong> (NYSE: BA<\/a>), usually conservative in future estimates, released a bullish forecast Thursday. The report estimates that jet sales will reach $4 trillion over the next 20 years. That equates to 33,500 jet sales between now and 2030. It’s also 2,600 more than they estimated last year for a period ending 2029.<\/p>\n

Growing demand in Asia and increasing demand for more fuel efficient aircrafts, especially single-aisle aircrafts, were the two biggest factors for the uptick.<\/p>\n

Boeing reports that air travel increased by 8 percent in 2010 after falling by 2 percent in 2009. They don’t seem to be worried about any turmoil around them<\/a> as seen in this excerpt from the CMO:<\/p>\n

\n

[BLOCK] “Although volatile fuel costs, political upheaval in the Middle East and North Africa, and unresolved government debt in many industrialized economies create risk of a renewed downturn, commercial aviation has weathered such shocks to the system in the past. Recovery has followed each event as the industry reliably returned to its long-term growth rate of approximately 5 percent per year.”<\/p>\n<\/blockquote>\n

It’s important to note that the forecast is not just for Boeing, but the airline industry<\/a> as a whole. Boeing stock is already seeing gains as a result of the news and it’s likely that other manufacturers and carriers may benefit as well.<\/p>\n

Good investing,<\/p>\n

Justin Dove<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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