Slide 1: Global Market Forecast 2025
GLOBAL MARKET FORECAST 2025
Slide 2: 2024 A strong year for air transport
2024 A strong year for air transport 2.7% ~ 4.8 bn 10.6% real GDP growth passengers RPK growth 83.5% $ 61.9 bn load factor airlines gross operating profit 002 GLOBAL MARKET FORECAST 2025 Source: IATA June 2025, S&P Global
Slide 3: Airlines in all regions are at or above 2019 levels
Airlines in all regions are at or above 2019 levels Domestic recovery RPKs International recovery RPKs 133% Africa 108% 117% Latin America 116% 114% Europe 110% 112% APAC 102% 124% Middle East 112% 106% North America 113% 111% World 108% April 2025 vs April 2019 003 GLOBAL MARKET FORECAST 2025 Sourc
Slide 4: Air transport is an essential contributor to the economy
Air transport is an essential contributor to the economy Economic role Total economic impact of aviation Iceland Dominican Republic 86.5 mn jobs of which 11.6 mn direct jobs 25.1% 10.6% of GDP of GDP $4.1 tr total economic impact Morocco Thailand 3.9% 7.9% 6.8% of GDP of GDP of World GDP 004 GLOBAL
Slide 5: Air transport is an essential contributor to society
Air transport is an essential contributor to society Offering safe and * convenient connectivity 58% 89% for all international tourists of flown RPK have no travelling by air convenient alternative Critical for islands and landlocked nations and remote area 155 mn people working abroad Source: ILO,
Slide 6: Air travel continues to become more accessible
Air travel continues to become more accessible Worldwide capacity 2004 (Tr ASK) 2024 (Tr ASK) Growing GDP per capita and improving air transport affordability have democratised air transport Emerging* Emerging* Other Other economies economies 3.4 5.3 1.6 5.7 Source: S&P Global, OAG, Airbus GMF 2025
Slide 7: Vietnamese traffic 7.5x in 20 years
Vietnamese traffic 7.5x in 20 years 2004 2014 2024 750 Vietnam 330 220 World 160 ASK Index Value 100 (Base Year 2004) Source: IATA, OAG, Airbus GMF 007 GLOBAL MARKET FORECAST 2025
Slide 8: Network densification in fast-growing markets
Network densification in fast-growing markets 2014 2024 3x more routes 008 GLOBAL MARKET FORECAST 2025 Source: OAG
Slide 9: Airbus commitments to sustainable aviation growth
Airbus commitments to sustainable aviation growth Offer up to 2030 SAF capability 100% on our commercial aircraft We invest in pioneering Reduce by 2035 the CO2 emissions intensity* technologies, to 46% generated by our commercial aircraft drive down emissions, enhance efficiency and build for the l
Slide 10: Latest generation aircraft
Latest generation aircraft Latest generation aircraft are delivering up to 25% better fuel efficiency and lower CO2 emissions than previous generation 2024 aircraft Source: Cirium, Airbus GMF. Passenger aircraft (≥ 100 seats) Western built passenger aircraft above 100 seats – pax aircraft only - as
Slide 11: Decarbonisation levers for aviation
Decarbonisation levers for aviation Use less energy Use decarbonised energy 54% of fuel per RPK since 1990 Aerodynamics SAF Energy ecosystem Aircraft + aircraft Structures technology technology Hydrogen as fuel Propulsion Aviation ecosystem Infrastructure / and best practices Operations + aircraft
Slide 12: Looking forward
Looking forward 012 GLOBAL MARKET FORECAST 2025
Slide 13: Short term in perspective
Short term in perspective World real GDP & World real trade % OUTLOOK World real GDP % Material but limited GMF 2024 GMF 2025 short-term impact on the global economy GMF 2024 World real trade % GMF 2025 Lower oil prices positively impacting airlinesʼ costs Oil Price Brent - 2024$ real per bar
Slide 14: GDP, trade and population are the main drivers of air traffic growth
GDP, trade and population are the main drivers of air traffic growth World GDP World population Urban population 2.5% CAGR 20242044 1.2 bn from 2024 to 2044 1.3 bn from 2024 to 2044 World trade Middle Class* 2.6% CAGR 20242044 1.5 bn from 2024 to 2044 Source: S&P Global, Oxford Economics, Air
Slide 15: In 2024 an aircraft was 50% more productive than in 2004
In 2024 an aircraft was 50% more productive than in 2004 2004 12,800 8.2 162 73% pax a/c above 100 seats hours/day1 seats/flight load factor 2024 22,380 10.2 185 83% pax a/c above 100 seats hours/day1 seats/flight load factor 2024 annual RPK per a/c 2004 = 1.5x Source: IATA, OAG, Cirium, Airbus
Slide 16: Air transport is increasingly affordable
Air transport is increasingly affordable World average passenger Yield 2019 $US cents per RPK FORECAST (including SAF and CO2 costs) Improved aircraft productivity and technology enable unit cost reduction Real Air transport affordability is 3.0% CAGR expected to continue to improve Nominal 016 G
Slide 17: Passenger traffic forecast
Passenger traffic forecast World air traffic (trillion RPK* Continuing rebound over next 23 years trending towards long-term growth rate Short term Mid to long term rebound 3.6% CAGR of ~3.6% CAGR Source: IATA, Airbus GMF 2025 Source: IATA, Airbus GMF 2025 * Revenue Passenger Kilometers, includes
Slide 18: Propensity to travel linked to development and geography
Propensity to travel linked to development and geography 2024 yearly trips per capita 2044 yearly trips per capita (bubble size proportional to country population) (bubble size proportional to country population) 18 GDP per capita (purchasing power parity $ - 2019) Source: OAG, Airbus GMF 2025 018 G
Slide 19: Top 20 traffic flows in 2044
Top 20 traffic flows in 2044 Top 20 traffic flows in 2044 Domestic PRC 1 5.4% Domestic USA 2 1.6% Intra - Western Europe 3 1.7% Domestic India 4 8.9% Western Europe - USA 5 2.1% Domestic Asia Emerging 6 7.6% Western Europe - Middle East 7 3.8% Asia Developed - Asia Emerging 8 4.8% Indian Subcontinen
Slide 20: Modest traffic growth in mature flows…
Modest traffic growth in mature flows… Top 20 traffic flows in 2044 Domestic USA 2 1.6% Intra - Western Europe 3 1.7% Western Europe - USA 5 2.1% Western Europe - Middle East 7 3.8% Central Europe - Western Europe 11 3.8% Asia Developed - USA 14 2.4% Asia Developed - Western Europe 15 3.8% Western E
Slide 21: A220 makes new long thin routes viable
makes new long thin routes viable More than 250 new routes created POTENTIAL thanks to the A220. TRANSASIA A220 capable of US transcon, Europe-Middle ROUTES East/Central Asia, Trans-Asia operations Proving its versatility operating from regional to long range missions New routes created thanks to t
Slide 22: A321XLR in service since October 2024
In service since October 2024 Dublin London 7 XLRs in service flying Minneapolis Toronto Budapest long range with Iberia, Cleveland Indianapolis Boston Milan Aer Lingus and Wizz Air Washington, D.C. Madrid Nashville San Juan Jeddah Mumbai 1,361 Flight Cycles Fortaleza 8,077 Flight Hours Recife 4th o
Slide 23: Network opportunities for A321XLR
Network opportunities for A321XLR India to Europe North America to Europe Australia North America to Asia to South America 023 GLOBAL MARKET FORECAST 2025 Source: OAG, Sabre, Airbus GMF 2025
Slide 24: …and stronger traffic growth in Asia and Middle East, led by India and PRC
…and stronger traffic growth in Asia and Middle East, led by India and PRC Top 20 traffic flows in 2044 Domestic PRC 1 5.4% Domestic India 4 8.9% Domestic Asia Emerging 6 7.6% Asia Developed - Asia Emerging 8 4.8% Indian Subcontinent - Middle East 9 5.8% Asia Emerging - PRC 10 8.5% Asia Emerging - M
Slide 25: Airbus playing a key role in rapidly developing aviation markets
playing a key role in rapidly developing aviation markets 025 GLOBAL MARKET FORECAST 2025
Slide 26: Continuous market shift toward Asia and Middle East
Continuous market shift toward Asia and Middle East Regional share of ASKs 100% ASIAPACIFIC ASIAPACIFIC 80% ASIAPACIFIC AFRICA & MIDDLEEAST AFRICA & MIDDLEEAST 60% EUROPE & CIS AFRICA & MIDDLEEAST EUROPE & CIS 40% EUROPE & CIS 20% AMERICAS AMERICAS AMERICAS 0% 2004 2024 2044 Source: OAG, Airbu
Slide 27: Unrivalled range capability, unique flexibility
Unrivalled range capability, unique flexibility 027 GLOBAL MARKET FORECAST 2025 Source: OAG 2024, 2025 Future SYDLHR route announced by Qantas
Slide 28: Demand for 43,420 passenger and freighter aircraft
Demand for 43,420 passenger and freighter aircraft Fleet in service (# aircraft) Fleet will almost 24,480 GROW double in the next 20 years 43,420 NEW Higher proportion of new DELIVERIES deliveries 44%) will replace older, less 18,930 REPLACE fuel-efficient aircraft 24,730 5,800 STAY 2024 2044 Sour
Slide 29: Demand for 42,450 new passenger aircraft between 2025 and 2044
Demand for 42,450 new passenger aircraft between 2025 and 2044 Source: Airbus GMF 2025 Notes: Passenger aircraft only (≥ 100 seats) 029 GLOBAL MARKET FORECAST 2025 Figures rounded to nearest 10 | totals rounded separately
Slide 30: Demand for 34,250 new passenger Single Aisle aircraft
Demand for 34,250 new passenger Single Aisle aircraft Fleet in service (# aircraft) 19,290 GROW 20,050 OPEN DEMAND 34,250 NEW DELIVERIES 14,960 REPLACE 14,190 BACKLOG 17,970 3,010 STAY 2024 2044 Source: Cirium May 2025, Airbus GMF 2025 Notes: Passenger aircraft (≥ 100 seats) 030 GLOBAL MARKET FOREC
Slide 31: Demand for 8,200 new passenger widebody aircraft
Demand for 8,200 new passenger widebody aircraft Fleet in service (# aircraft) 4,120 GROW 5,630 OPEN DEMAND 8,200 NEW DELIVERIES 4,070 REPLACE 4,410 2,560 BACKLOG 340 STAY 2024 2044 Source: Cirium May 2025, Airbus GMF 2025 Notes: Passenger aircraft (≥ 100 seats) 031 GLOBAL MARKET FORECAST 2025 Figu
Slide 32: Demand for 43,420 new passenger and freighter aircraft
Demand for 43,420 new passenger and freighter aircraft Typically Single Aisle Typically Widebody 34,250 aircraft 9,170 aircraft (inc. 970 new-build freighters) 79% share of total new deliveries 21% share of total new deliveries Source: Airbus GMF 2025 032 GLOBAL MARKET FORECAST 2025 Note: Passenge
Slide 33: Takeaways
Takeaways Passenger Traffic Long Term CAGR 3.6% Fleet in service end-2024 24,730 aircraft 49,210 “ Fleet in service end-2044 aircraft Air transport driven New Deliveries 20252044 43,420 by people and business aircraft 033 GLOBAL MARKET FORECAST 2025 Source: Airbus GMF 2025
Slide 34: © Airbus copyright notice
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