Aircraft maker The Boeing Company (BA) on Tuesday released some bullish projections for the airline industry over the next 20 years.
The Chicago-based company said it expects the worldwide aircraft market to reach $4.5 trillion by 2032, with 34,000 new airplanes produced during that time. That projection means the world fleet would double in the next 20 years.
Boeing also forecast a 5% annual growth rate for airline traffic over the next two decades, while cargo traffic is expected to rise 5.2% per year. A good part (40%) of the growth will come from widebody aircraft like the company’s new 747-8, 777, and 787 Dreamliner planes.
Boeing shares were mostly flat in premarket trading Tuesday.
The Bottom Line
Boeing currently offers a 2.41% dividend yield, based on last night’s closing price of $73.18 and the company’s annualized dividend payout of $1.76 per share.
The Boeing Company (BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.