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Boeing Projects Global Need for Nearly 2.4 Million New Commercial Pilots, Technicians, Cabin Crew

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Boeing's 2024 Pilot and Technician Outlook (PTO) projects a significant demand for aviation personnel over the next 20 years. The industry will require nearly 2.4 million new professionals to support the growing commercial fleet and meet the long-term increase in air travel. This includes 674,000 pilots, 716,000 maintenance technicians, and 980,000 cabin crew members.

The demand is driven by aviation traffic trending above pre-pandemic levels, personnel attrition, and commercial fleet growth. Eurasia, China, and North America are expected to drive more than half of the new industry personnel demand. South Asia, Southeast Asia, and Africa are the fastest-growing regions, with staffing demand projected to more than triple over 20 years.

L'Outlook 2024 per piloti e tecnici di Boeing prevede una domanda significativa di personale nel settore aviazione nei prossimi 20 anni. L'industria avrà bisogno di quasi 2,4 milioni di nuovi professionisti per supportare la crescente flotta commerciale e soddisfare l'aumento a lungo termine dei viaggi aerei. Questo include 674.000 piloti, 716.000 tecnici di manutenzione e 980.000 membri dell'equipaggio di cabina.

La domanda è alimentata dal traffico aereo che tende a superare i livelli pre-pandemia, dal turnover del personale e dalla crescita della flotta commerciale. Eurasia, Cina e Nord America si prevede contribuiranno a oltre metà della domanda di nuovo personale nel settore. L'Asia meridionale, l'Asia sudorientale e l'Africa sono le regioni a più rapida crescita, con una domanda di personale che si prevede triplicherà nel corso di 20 anni.

La Perspectiva de Pilotos y Técnicos 2024 de Boeing proyecta una demanda significativa de personal en aviación durante los próximos 20 años. La industria requerirá casi 2.4 millones de nuevos profesionales para apoyar la creciente flota comercial y cumplir con el aumento a largo plazo en los viajes aéreos. Esto incluye 674,000 pilotos, 716,000 técnicos de mantenimiento y 980,000 miembros de la tripulación de cabina.

La demanda está impulsada por el tráfico aéreo que está superando los niveles prepandémicos, la rotación de personal y el crecimiento de la flota comercial. Se espera que Eurasia, China y América del Norte generen más de la mitad de la nueva demanda de personal en la industria. El sur de Asia, el sudeste asiático y África son las regiones de más rápido crecimiento, con una demanda de personal que se proyecta que se triplicará en 20 años.

보잉의 2024년 파일럿 및 기술자 전망(PTO)은 향후 20년 동안 항공 인력에 대한 상당한 수요를 예측합니다. 항공 산업은 증가하는 상업용 항공기 플릿을 지원하고 장기적으로 항공 여행의 증가를 충족하기 위해 거의 240만 명의 새로운 전문 인력이 필요합니다. 여기에는 674,000명의 파일럿, 716,000명의 유지보수 기술자 및 980,000명의 객실 승무원이 포함됩니다.

수요는 항공교통이 팬데믹 이전 수준을 초여름하고 있는 것, 인력 이탈, 상업용 항공기 플릿의 성장에 의해 촉진되고 있습니다. 유라시아, 중국 및 북미가 새로운 산업 인력 수요의 절반 이상을 차지할 것으로 예상됩니다. 남아시아, 동남아시아 및 아프리카는 가장 빠르게 성장하는 지역으로, 인력 수요가 20년 동안 세 배로 증가할 것으로 예상됩니다.

Les prévisions de Boeing pour les pilotes et techniciens de 2024 annoncent une demande significative de personnel aéronautique au cours des 20 prochaines années. L'industrie aura besoin de près de 2,4 millions de nouveaux professionnels pour soutenir la flotte commerciale en pleine expansion et répondre à l'augmentation à long terme des voyages aériens. Cela inclut 674 000 pilotes, 716 000 techniciens de maintenance et 980 000 membres d'équipage de cabine.

La demande est motivée par un trafic aérien qui dépasse les niveaux d'avant la pandémie, l'attrition du personnel et la croissance de la flotte commerciale. L'Eurasie, la Chine et l'Amérique du Nord devraient représenter plus de la moitié de la nouvelle demande de personnel dans le secteur. L'Asie du Sud, l'Asie du Sud-Est et l'Afrique sont les régions à la croissance la plus rapide, avec une demande d'effectifs qui devrait plus que tripler au cours des 20 prochaines années.

Der Pilot- und Techniker-Ausblick 2024 von Boeing prognostiziert eine signifikante Nachfrage nach Aviation-Personal in den nächsten 20 Jahren. Die Branche benötigt fast 2,4 Millionen neue Fachkräfte, um die wachsende kommerzielle Flotte zu unterstützen und den langfristigen Anstieg des Luftverkehrs zu bewältigen. Dazu gehören 674.000 Piloten, 716.000 Wartungstechniker und 980.000 Kabinenbesatzungsmitglieder.

Die Nachfrage wird durch den Luftverkehr angeheizt, der über den Pandemie-Niveau liegt, Abgänge von Personal und das Wachstum der kommerziellen Flotte. Eurasien, China und Nordamerika werden voraussichtlich mehr als die Hälfte der neuen Personalnachfrage in der Branche antreiben. Südasien, Südostasien und Afrika sind die am schnellsten wachsenden Regionen, wobei die Personalnachfrage in den nächsten 20 Jahren voraussichtlich mehr als dreimal so hoch sein wird.

Positive
  • Projected demand for 2.4 million new aviation professionals over the next 20 years
  • Aviation traffic trending above pre-pandemic levels
  • Significant growth opportunities in South Asia, Southeast Asia, and Africa
  • Two-thirds of new personnel will address replacement due to attrition, indicating industry stability
Negative
  • Potential challenges in meeting the high demand for skilled aviation professionals
  • Possible increased labor costs for airlines due to high demand for personnel

Insights

Market Dynamics: The projection of a global need for nearly 2.4 million new aviation personnel indicates robust growth in the commercial aviation sector over the next 20 years. This growth is driven by factors such as increased air traffic, fleet expansion and personnel attrition. For investors, this translates to significant long-term business opportunities for companies within the aviation industry, particularly in training and certification services, aircraft manufacturing and aviation support services.

Regional Insights: The demand is notably high in regions like China, Eurasia and North America, which collectively account for more than half of the new personnel needs. This suggests that companies with strong market presence or expansion plans in these regions may see substantial business growth. Additionally, the fastest-growing regions such as South Asia and Africa are notable for their potential future market opportunities.

Investment Implications: For Boeing, the outlook underscores the necessity of ramping up their training solutions and expanding their global footprint to meet demand. This could mean heightened revenue streams from their training and services divisions. Investors should watch for Boeing's strategic movements and investments aimed at capitalizing on these trends. Furthermore, other market players involved in similar sectors may also experience positive impacts as the demand rises.

Revenue Growth Potential: Boeing's projection points toward a sustained increase in demand for their training solutions and commercial aircraft over the next two decades. This indicates a potential steady revenue stream as airlines invest in personnel training and fleet expansion. The long-term nature of this demand suggests a continued positive outlook for Boeing's training and services sectors.

Fleet Expansion and Maintenance: The significant need for technicians and cabin crew also indicates sustained demand for maintenance services and aircraft replacements or upgrades. This could be highly beneficial for Boeing's aftermarket services and parts supply business. Investors should note that this growth aligns with the broader recovery and expansion trends in the aviation industry post-pandemic.

Risk Considerations: While the projections are promising, investors should be mindful of potential risks such as economic downturns, geopolitical tensions, or regulatory changes that could impact the aviation industry's growth trajectory. Additionally, Boeing's ability to effectively scale its training programs and maintain high standards will be important to capturing the projected market demand.

Technological Advancements: Boeing's emphasis on competency-based training and immersive virtual solutions highlights the role of cutting-edge technology in meeting the projected demand for aviation personnel. Investors should recognize the potential for growth in simulation and training technologies, which are becoming increasingly critical in the aviation sector.

Innovation in Training: The use of virtual and immersive training environments can significantly enhance the efficiency and safety of training programs. These technologies not only reduce costs but also allow for more flexible and scalable training solutions. Boeing's investment in these areas could position them as a leader in aviation training innovation, providing a competitive edge.

Industry Impact: With the growing reliance on advanced training technologies, companies developing simulation software, VR/AR solutions and related technologies may see heightened demand. This trend underscores the broader shift towards digital transformation in the aviation industry, which could present lucrative opportunities for tech companies and investors alike.

OSHKOSH, Wis., July 22, 2024 /PRNewswire/ -- Over the next 20 years, Boeing [NYSE: BA] projects a continued significant demand for aviation personnel as the global commercial airplane fleet continues to expand. The company's 2024 Pilot and Technician Outlook (PTO) shows the industry will require nearly 2.4 million new professionals to support the growing commercial fleet and meet the long-term increase in air travel.

According to the latest PTO, commercial carriers will need the following new personnel through 2043 to sustain the global commercial fleet:

  • 674,000 pilots
  • 716,000 maintenance technicians
  • 980,000 cabin crew members.

"Driven by aviation traffic trending above pre-pandemic levels, personnel attrition and commercial fleet growth, the demand for aviation personnel continues to rise," said Chris Broom, vice president, Commercial Training Solutions, Boeing Global Services. "We are focused on being a reliable and innovative partner in the lifecycle of aviation training. Our offerings are rooted in competency-based training and assessment programs to help ensure high quality aviation training starting in flight schools and in commercial operations while helping enhance aviation safety through immersive and virtual training solutions."

Through 2043, the PTO projects:

  • Demand for new personnel driven primarily by single aisle airplanes, except in Africa and Middle East where widebody airplane demand leads.
  • Eurasia, China and North America drive demand for more than half of new industry personnel.
  • South Asia, Southeast Asia and Africa are the fastest-growing regions for personnel with staffing demand expected to more than triple over 20 years.
  • Two-thirds of new personnel will address replacement due to attrition, while one- third supports growth in the commercial fleet.

The PTO forecast includes these projections for industry needs through 2043:

Region

New Pilots

New Technicians

New Cabin Crew

Global

674,000

716,000

980,000

Africa

23,000

25,000

28,000

China

130,000

137,000

163,000

Eurasia

155,000

167,000

240,000

Latin America

39,000

42,000

54,000

Middle East

68,000

63,000

104,000

North America

123,000

123,000

184,000

Northeast Asia

25,000

30,000

43,000

Oceania

11,000

12,000

18,000

South Asia

40,000

40,000

49,000

Southeast Asia

60,000

77,000

97,000

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact

Boeing Media Relations
media@boeing.com

Cision View original content:https://www.prnewswire.com/news-releases/boeing-projects-global-need-for-nearly-2-4-million-new-commercial-pilots-technicians-cabin-crew-302201002.html

SOURCE Boeing

FAQ

How many new aviation professionals does Boeing project will be needed by 2043?

Boeing projects a need for nearly 2.4 million new aviation professionals by 2043, including 674,000 pilots, 716,000 maintenance technicians, and 980,000 cabin crew members.

Which regions are expected to drive the highest demand for new aviation personnel according to Boeing's PTO?

According to Boeing's PTO, Eurasia, China, and North America are expected to drive more than half of the demand for new aviation industry personnel through 2043.

What factors are driving the demand for new aviation personnel, according to Boeing (BA)?

Boeing (BA) cites aviation traffic trending above pre-pandemic levels, personnel attrition, and commercial fleet growth as the main factors driving the demand for new aviation personnel.

Which regions are projected to have the fastest-growing demand for aviation personnel in Boeing's 2024 PTO?

According to Boeing's 2024 PTO, South Asia, Southeast Asia, and Africa are projected to be the fastest-growing regions for aviation personnel demand, with staffing needs expected to more than triple over 20 years.

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