Reported Late Sunday, Honeywell's 32nd Annual Global Business Aviation Outlook Forecasts Up To 8,500 New Business Jet Deliveries Worth $278B From 2024 To 2033
Portfolio Pulse from Benzinga Newsdesk
Honeywell's 32nd Annual Global Business Aviation Outlook forecasts up to 8,500 new business jet deliveries worth $278B from 2024 to 2033. New business jet deliveries in 2024 are expected to be 10% higher than in 2023, with expenditures 13% higher. Fleet additions are up for the third year in a row, topping 3% of the fleet. Large, long-range and ultra-long-range aircraft classes are expected to account for about 69% of all expenditures of new business jets in the next five years.
October 16, 2023 | 6:55 am
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Honeywell's positive outlook for business jet deliveries and expenditures could potentially boost its revenues and profitability in the coming years.
The report indicates a positive outlook for Honeywell's business jet sector. The expected increase in deliveries and expenditures, along with the growth in fleet additions, suggests potential growth in revenues and profitability for Honeywell. This could have a positive impact on its stock price.
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