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World aircraft fleet will not recover pre-COVID figures until 2023

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The world aircraft fleet will not recover to pre-pandemic levels until the first half of 2023, an improvement that will occur thanks to the return to service of narrow-body aircraft -a single aisle- intended to cover domestic routes, which will reach preCOVID figures this year.

According to a report published by the consulting firm Oliver Wyman, the fleet, which at the beginning of 2022 was made up of a total of 25,578 aircraft, the same size as in 2017, will grow 4.1% annually until 2032, reaching 38,189 units that anus.

By type of aircraft, narrow-body aircraft will continue to gain presence, reaching 64% of the total in 2032, up from the current 58%, since the slow recovery of international air traffic after the pandemic has reduced the number of narrow-body aircraft. width -two or more aisles- in service.

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In this sense, despite the fact that narrow-body aircraft will recover their pre-COVID levels this year, wide-body aircraft, intended to cover international routes, could take time to recover until 2024.

This adjustment in the growth of the global aircraft fleet is largely due to the new outlook for passenger demand after the pandemic, according to Oliver Wyman.

Thus, the report highlights that world air transport is entering a decade that will be a paradigm in the configuration of the global fleet, and in which it will face challenges such as reducing emissions or adapting to the new traveler profile.

Among the difficulties that the sector will face, the rise in fuel prices will force companies to reduce costs, since for this year it is expected to represent 19.5% of total operating expenses after the drop produced during the pandemic, according to the Association of the International Air Transport (IATA).

Source: Gestion

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