IBA Group predicts Paris Airshow Orders could be down 50% on 2018

posted on 14th June 2019 by Justin Burns
IBA Group predicts Paris Airshow Orders could be down 50% on 2018

Data intelligence provider and aviation consultancy company IBA Group predicts that Paris Airshow orders could be as low as half of 2018’s yield. 

Stuart Hatcher, Chief Operating Officer, MD-Aviation Services for IBA forecasts that firm and MoU orders combined at the show from 17-21 June – could be as low as 450.

Airbus will potentially launch the A321XLR, and Boeing will not launch the NMA but will set out the re-entry programme of the 737 MAX in more detail.

“To set the scene, 2019 is not shaping up to be a good year on the order front which is not particularly surprising given the headwinds,” said Hatcher.

“Already, year to date, we have an unprecedented number of aircraft returning from failed operators as traffic growth slows, yields continue to soften from an historical low point, fuel costs increase across the medium term and forex is far from ideal.

“Aside from these economic points, 737 MAX grounding and the China-US Trade problems add to the woes.”

“Despite this doom and gloom, we must stress that the industry remains resilient as the numbers of consumers that can afford to travel continues to grow and all the facets required to support that (such as leasing) will grow and evolve with it. Potential risks are high, and with that comes a greater need to be diligent.”

Source: IBA Group

Full details of IBA’s Paris Airshow prediction are available to download here.