Embraer [NYSE: ERJ] released its 20-year market outlook at the Farnborough Airshow on Tuesday. The report focuses on the manufacturer’s sub-150 commercial aircraft segment, which typically caters to regional airlines, and provides insight into trends that could affect airplane demand through 2041.
Even though airlines’ passenger capacity has not fully recovered to pre-pandemic levels, travelers have rushed back to the sky, and many airlines cannot keep up. In its report, Embraer suggests that the industry would eventually recover from the pandemic slump by 2024 and that demand for air travel would grow 3.2 percent annually over the next 20 years. Last year, the company predicted a slightly higher growth rate of 3.3 percent but said this time that the disruption caused by the Russia-Ukraine war caused it to trim its expectations.
