Boeing Forecasts Demand For 2.3M New Commercial Pilots, Technicians And Cabin Crew In Next 20 Years; 649,000 Pilots; 690,000 Maintenance Technicians; 938,000 Cabin Crew Members
Portfolio Pulse from Happy Mohamed
Boeing (NYSE:BA) forecasts a demand for 2.3 million new aviation personnel over the next 20 years to support the expected doubling of the global commercial airplane fleet by 2042. The 2023 Pilot and Technician Outlook (PTO) projects the need for 649,000 pilots, 690,000 maintenance technicians, and 938,000 cabin crew members. The fastest-growing regions for personnel are Africa, Southeast Asia, and South Asia.
July 25, 2023 | 3:16 pm
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POSITIVE IMPACT
Boeing's forecast of a significant increase in demand for aviation personnel over the next 20 years indicates a positive outlook for the aviation industry and potentially for Boeing's business.
The forecasted demand for new aviation personnel indicates a positive outlook for the aviation industry, which could lead to increased demand for Boeing's products and services. This could potentially have a positive impact on Boeing's stock price in the short term.
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