Commercial Aviation Monitor

Aviation insights by Cirium Ascend Consultancy

The Commercial Aviation Monitor Leverages Cirium data and Ascend Consultancy analysis and insight, providing everything you need to know about the sector.

• As Boeing delivery volumes continue to lag, Cirium has further reduced its forecast for Airbus/Boeing 2024 combined shipments – now with a slight revision to 1,240 aircraft. This is still 1% higher than 2023 but significantly lower than our original estimate in January 2024 (1,525 deliveries).
• Market Values and Lease Rates for both for new and used single-aisles are starting to plateau; Values and Lease Rates for new twin-aisles may also start to level off soon, but continue trending upwards for used/older vintages.
• China’s airline market recovery continues across both domestic and international operations: July RPKs were reported as being 17% ahead of 2019 overall, with domestic up 27.8% and international traffic down only 11.5%; Asia-Pacific international traffic is still more than 10% behind 2019 – mainly due to the China-Asia markets.
• Our freight focus highlights that air-cargo yield has stabilised amid balanced supply/demand; orders for passenger-to-freighter conversions peaked during Covid crisis, while the number of conversions is also declining amid some oversupply, after reaching record levels in 2023.

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