Honeywell Projects New Business Jet Deliveries To Shoot Up 10% In 2024: Here's Details
Portfolio Pulse from Lekha Gupta
Honeywell International Inc (HON) has released a positive Global Business Aviation Outlook, indicating strong global demand for new business jets. The company expects new business jet deliveries to increase by 10% Y/Y in 2024, with expenditure growth of 13% Y/Y. However, Honeywell anticipates a decline in global flight activity in 2023 due to inflation and the resumption of commercial air service. The company also notes a slowdown in new jet orders as OEMs accelerate production rates to meet current demand.
October 16, 2023 | 11:32 am
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Honeywell's positive outlook on new business jet deliveries and strong global demand could boost investor confidence. However, the anticipated decline in global flight activity in 2023 and slowdown in new jet orders could negatively impact the company's performance.
The news directly pertains to Honeywell's business operations and future outlook. The positive outlook on new business jet deliveries indicates strong demand, which could boost investor confidence and potentially drive the stock price up. However, the anticipated decline in global flight activity in 2023 and slowdown in new jet orders could create uncertainty and potentially negatively impact the company's performance and stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100