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© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document. Page 1
Global Market Forecast 2011 - 2030
Global Market Forecast 2011 - 2030
Delivering the Future
September 2011
Presented by
John Leahy
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
GMF 2011 Highlights
Page 3
World fleet forecast 2010 2030 % change
Market value of $3.5 trillion
RPK (trillion) 4.8 12.3 157%
Passenger aircraft fleet 15,000 31,420 109%
New passenger aircraft deliveries - 26,920 -
Dedicated freighters 1,600 3,450 +116%
New freighter aircraft deliveries - 930 -
Total new aircraft deliveries 27,850
GMF 2011 key numbers and 20-year change
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
20-year demand for almost 27,900 new passenger and freight aircraft
20-year new deliveries of passenger and freight aircraft
Jet freight aircraft (>10 tons)
1,780 very large aircraft
Market value of $3.5 trillion
6,910 twin-aisle aircraft
19,170 single-aisle aircraft
Page 4
Passenger aircraft (≥ 100 seats)
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Actual until Sep. 2009
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Sep. 2009 forecast
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Actual until Sep. 2011
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Sep. 2011 forecast
World economic forecast accuracy
World real GDP year-over-year quarterly evolution (%)
2006 2007 2008 2009 2010 2011
Strong growth since 2004
Slowdown Deep crisis Recovery Sustained growth
Source: IHS Global Insight, Airbus
2012
Page 5
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
-4%
-2%
0%
2%
4%
6%
8%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Real & forecast GDP
Traffic ASKs
Source: IHS Global Insight (August 2011 data), OAG (ASKs data), Airbus
GDP and passenger traffic development
2007
August 11 Passenger traffic up
6.2%
World real GDP and passenger traffic (year-over-year)
2008 2009 2010 2011 2012
Page 6
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
-4%
-2%
0%
2%
4%
6%
8%
10%
1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014
Source: IHS Global Insight (August 2011), Airbus
A two-speed world
History Forecast
Real GDP growth (%)
Emerging economies*
Mature economies
* 54 emerging economies
Page 7
-4%
-2%
0%
2%
4%
6%
8%
10%
1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Source: OAG, Airbus
All regions are showing positive growth
-12%
-8%
-4%
0%
4%
8%
12%
16%
J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N
United States
Western Europe
Emerging Economies
2007
Traffic
up
2.1% 5.2%
Traffic
up
10.2%
Passenger traffic (monthly ASKs year-over-year)
2008 2009 2010 2011
Emerging economies are leading the way
Page 8
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document. Page 9
Delivery comparison over the last decade
Largest aircraft manufacturer 8 out of last 10 years
0
100
200
300
400
500
600
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Airbus Boeing
Annual deliveries
Page 9
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Airbus order backlog
4,233 aircraft in backlog, worth $570 billion
North America
479 (11%)
Latin
America
254 (6%)
Middle East
418 (10%) Asia/ Pacific
1572 (37%) Lessors
819 (19%)
Corporate Jet,
Private, Military
45 (1%)
Africa
83 (2%)
Europe
360 (9%)
Undisclosed 27 (1%)
Page 10
CIS
176 (4%)
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document. Page 11
90
100
110
120
130
140
150
2000 2002 2004 2006 2008 2010
Since 2000, air travel has grown 45%, the growth in fuel demand relatively flat….
Evolution of RPKs and jet fuel demand (Base 100 in 2000)
Traffic growth
Jet fuel demand
Traffic
+45%
Fuel
+3%
Jet fuel demand data: CERA (millions of barrels of jet fuel)
Source: ICAO, CERA, Airbus
Page 11
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Average annual oil prices have rebounded to 2008 values
Source: EIA, IHS Global Insight (August 2011), Airbus
Page 12
Average annual WTI oil price (US$ per bbl)
0
20
40
60
80
100
120
140
160
1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030
History Forecast
Oil price (Current US$)
Average Annual Price
Per Barrel
>$120
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A320neo generates significant fuel burn savings
A320neo – “new environmental option”
15% fuel burn saving
Equivalent to 1,000 cars driving 12,000 miles each
3,600t less CO2 emissions
Equivalent to CO2 absorbed by 240,000 mature trees in a year
Page 13
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Air travel has proved to be resilient to external shocks
Source: ICAO, Airbus * since 2000
Gulf Crisis Oil Crisis
World annual traffic (RPKs - trillions) Asian Crisis
WTC Attack Oil Crisis SARS
Financial Crisis
+45%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
1970 1975 1980 1985 1990 1995 2000 2005 2010
Page 14
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Main drivers for future growth
• Replacement of aircraft in service in mature markets
• Dynamic growth in emerging markets – population and economics
• Increasing urbanisation driving wealth and traffic growth
• Strong continued growth in North American and European markets
• Expanding global middle class, especially in Asia
• Continued growth of LCCs
• Market liberalisation – more to come
Page 15
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0.001
0.01
0.1
1
10
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000
Trips* per capita - 2010
2010 real GDP per capita
World average
Emerging economies drive strong travel growth
China
India
Brazil
Russia
* Passengers originating from respective country Note: GDP in US$2005
USA
France Germany
UK China 2030
India 2030
Page 16
India: 4x 2030 vs. 2010
China: 3x 2030 vs. 2010
Growth in
Propensity to
Travel
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0.0
2.0
4.0
6.0
8.0
10.0
12.0
1970 1990 2010 2030
Traffic in and between more mature markets will nearly double between 2010 and 2030
Traffic within or including emerging economies
Traffic within & between developed economies
76% 63% 43%
30% 24%
37%
70%
Market share on total traffic, emerging vs. mature traffic flows
RPK (trillion)
Page 17
57%
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0 1,000 2,000 3,000 4,000 5,000
Asia-Pacific
Europe
North America
Middle East
Latin America
CIS
Africa
Asia-Pacific to lead in world traffic by 2030
2010 traffic 2010-2030 traffic 28%
27%
27%
7%
5%
3%
3%
20-year world annual traffic growth
4.8%
5.7%
4.0%
3.3%
7.4%
6.1%
4.9%
5.6%
World Traffic by airline domicile (RPK billions) % of 2010
world RPK
20-year
growth
Page 18
33%
23%
20%
11%
6%
4%
3%
% of 2030
world RPK
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Long-haul traffic will grow faster than short-haul
Evolution of long-haul and short-haul traffic, 2010 set to 100% [passengers]
* Long haul traffic: flight distance >2,000nm, excl. domestic traffic
Page 19
0%
100%
200%
300%
Short-haul traffic Long-haul traffic
2010 2010
2030 2030
x 2.4
x 2.8
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
2010 cities with more than 10,000 daily long-haul passengers*
39 cities in the world handle more than 10,000 long haul passengers per day, …
Page 20
* Long haul traffic: flight distance >2,000nm, excl. domestic traffic
Source: IATA PaxIS, OAG. Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
2030 cities with more than 10,000 daily long-haul passengers*
… and in 20 years, this will become nearly 90 cities
Page 21
* Long haul traffic: flight distance >2,000nm, excl. domestic traffic
Source: IATA PaxIS, OAG. Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Four years of success – four years of full flights 25th October 2011 marks the fourth anniversary of the first commercial flight
“The Singapore Airlines A380 has proven exceptionally popular
with customers, with strong loads on all routes it serves.
System-wide, more than 5 million customers have flown on
Singapore Airlines' A380s [...] on more than 13,000 flights”.
SIA News Release
1st July 2011
= 81%
Average Load Factor
76.5%
IATA Industry average l.f.*
77.9%
SIA average l.f.*
* - Source: IATA Carrier Tracker November 2007 to June 2011
Page 22
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0
2
4
6
8
10
12
1970 1980 1990 2000 2010 2020 2030
0
2
4
6
8
10
12
1970 1980 1990 2000 2010 2020 2030
Air travel remains a growth market
Source: ICAO, Airbus
World annual traffic (RPKs - trillions)
20-year world annual traffic growth
4.8%
Page 23
ICAO
total traffic
Airbus
GMF 2011
Air traffic has doubled
every 15 years
Air traffic will double in the next 15 years
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
New aircraft demand will average at ~1,400 per year
0
4,000
8,000
12,000
16,000
20,000
24,000
Single-aisle & Small jet freighters
Small-twin aisle & Regional freighters
Intermediate twin-aisle & Long range freighters
Large aircraft & Large freighters
GMF 2010
GMF 2011
69% 17% 8% 6% % units
40% 27% 16% 17% % value
17,870
4,330
1,910 1,740
20-year new deliveries of passenger and freighter aircraft
4,790
2,120 1,780
19,170
Page 24
Passenger aircraft (≥ 100 seats) and jet freight aircraft (>10 tons)
0
4,000
8,000
12,000
16,000
20,000
24,000
Single-aisle & Small jet freighters
Small-twin aisle & Regional freighters
Intermediate twin-aisle & Long range freighters
Large aircraft & Large freighters
GMF 2010
GMF 2011
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Pending demand for aircraft replacement in North America
Asia
Europe
North America
Latin America
Africa
Middle East
World Modern
Out of
Production
79%
70%
75%
72%
56%
67%
59%
2010 Fleet
Today,
~ 4500 out of
production
aircraft to be
replaced by
more eco-
efficient model
Page 25
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Strong increase in average seat capacity of aircraft
-4%
0%
4%
8%
12%
16%
20%
2000 2010 2026**
Evolution of average seat capacity of single-aisle and twin-aisle aircraft on order and future fleet in service*
Twin-aisle aircraft:
+8%
Single-aisle aircraft:
+10%
2010 vs. 2000
Backlog
* Passenger aircraft ≥ 100 seats
** Estimated 2026 backlog (2026 – 2030 new aircraft deliveries)
Twin-aisle aircraft:
+17%
Single-aisle aircraft:
+15%
2026 vs. 2000
Backlog
Source: CASE, fleet in service as of end of year
Page 26
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
20-year demand for almost 27,900 new passenger and freight aircraft
20-year new deliveries of passenger and freight aircraft
Jet freight aircraft (>10 tons)
1,780 very large aircraft
Market value of $3.5 trillion
6,910 twin-aisle aircraft
19,170 single-aisle aircraft
Page 27
Passenger aircraft (≥ 100 seats)
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document. Page 28
A320neo market potential
Open demand for 14,800 aircraft by 2030
0
5000
10000
15000
20000
25000
2010 2015 2020 2025 2030
Single-aisle aircraft in-service
Currently in-service
Backlog
Open Demand
14,800
aircraft
4,400
aircraft
Page 28
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Summary
• A market for more than 26,900 new passenger aircraft and over 900 new
freighter aircraft
• The A320neo Family will be addressing a market of about 19,000 single-aisle
passenger aircraft, out of which 15,000 still to be sold.
• The twin-aisle passenger aircraft market will account for more than 6,900
new aircraft deliveries.
• Nearly 1,800 very large aircraft to meet demand and alleviate congestion,
whilst offering lower cost per seat.
• Strong A380 demand driven by the growth from 39 aviation mega-cities to 87
in 20 years.
Page 29
Global Market Forecast 2011 - 2030
Presented by
Chris Emerson
Delivering the Future
September 2011
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
The Airbus Global Market Forecast (GMF)
Page 31
161 regional passenger flows
Several models developed for each flow with the best model selected
Econometric forecasts complemented by market research and judgement
Detailed study of network evolution including new routes, markets and
deregulation hot spots
Model the impact of evolving airline models
Fleet build-ups covering 869 passenger airlines
Market research
•Deregulation / liberalisation
•Competition
•Low cost penetration
•Consumer / travel surveys
Market segmentation
•Regional / low cost / charter
•Start-up / Network
• Integrators
•Traffic flows
•Domestic / International
Traffic Forecast
•Economics & Econometrics
•Tourism
•Fuel price
•Yields
•Trade / Value of goods
Network development
•Aircraft economics
•Airline operation economics
•Origin-destination demand
•Demographics
•Geopolitics
•Network evolution
o The Global Market Forecast (GMF) is a 20 year aircraft
demand and passenger traffic forecast
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Traffic is broken down from macro flows down to city pairs and routings
GLOBAL FORECAST LOCAL ESTIMATES
Europe
Asia
~161 distinct flows
France
Singapore
~10,000 country pairs
SIN
TLSToulouse
Singapore
~200,000 Origin-Destination city pairs
Page 32
A unique process to match the global vision with the local perspective.
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Five key industry drivers examined
• Economic and Population Growth
• Trade
• Emerging Markets
• Aging Populations
• Ticket Price
• Comfort
• Origin and Destination
• Connectivity
• Growing Traffic Flows
• Global Cities
• Hubs
• New Routes
• Deregulation
• Route Evolution
• Fuel
• Range
• Fleet Mix/ Capacity
• Business Models
• Yields
• Environment
• Seats, Speed and Utilization
• Frequency and
• Range and Fleet Mix
• Replacement
• Environment
Economics
and
Demographics
Passengers
and Traffic Networking
Airline
Operations
Aircraft and
Aircraft
Demand
Page 33
• Growing
Middle Class
• Urbanization
• Growing Traffic
Flows
• Origin and
Destination
• Route Evolution
• New Routes
• Load Factor
• Frequency • Fleet Mix/
Capacity
• Yields
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Gulf Crisis Oil Crisis Asian Crisis
WTC Attack Oil Crisis
The Global Market Forecast is a long-term forecast which accounts for potential crises
SARS
GMF 1999
Δ<0.1%
Page 34
World annual traffic (RPKs - trillions)
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
1970 1975 1980 1985 1990 1995 2000 2005 2010
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
2009 projections have mapped closely with reality
Source: IHS Global Insight, Airbus
2006 2007 2008 2009 2010 2011
Strong growth since 2004
Slowdown Deep crisis Recovery Sustained growth
2012
World real GDP year-over-year quarterly evolution (%)
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Sep. 2011 forecast
Actual until Sep. 2011
Sep. 2009 forecast
Actual until Sep. 2009 -10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Sep. 2011 forecast
Actual until Sep. 2011
Sep. 2009 forecast
Actual until Sep. 2009 -10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Sep. 2011 forecast
Actual until Sep. 2011
Sep. 2009 forecast
Actual until Sep. 2009 -10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Sep. 2011 forecast
Actual until Sep. 2011
Sep. 2009 forecast
Actual until Sep. 2009 -10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Sep. 2011 forecast
Actual until Sep. 2011
Sep. 2009 forecast
Actual until Sep. 2009
The depth of this crisis has resulted in a slow but continual recovery
Page 35
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Economic crisis and the beginning of recovery
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Increase in savings for households and businesses while budget surplus has declined heavily
Page 36
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Households Business Government
United States net savings (% of GDP)
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Source: BEA, Airbus
The increase in business and household savings demonstrate the foundations for recovery
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Passenger load factor at record level
Source: ICAO, IATA (2010 estimation), Airbus
Page 37
50%
55%
60%
65%
70%
75%
80%
1967
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009 50%
55%
60%
65%
70%
75%
80%
1967
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
World passenger aircraft load factor (%)
Environmental efficiency through airline productivity
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Source: OAG, Ascend, Airbus
The industry is again entering into a period of under capacity
Number of aircraft in under/excess capacity
Under capacity (compared with pre-Sep
2001 (2008) maximum
productivity level)
Excess capacity (compared with pre-Sep
2001 (2008) maximum
productivity level)
2001 2005 2004 2003 2002
2008 2012 2011 2010 2009
-1500
-1000
-500
0
500
1000
1500
S N J M M J S N J M M J S N J M M J S N J M M J S N -1500
-1000
-500
0
500
1000
1500
S N J M M J S N J M M J S N J M M J S N J M M J S N -1500
-1000
-500
0
500
1000
1500
S N J M M J S N J M M J S N J M M J S N J M M J S N
?
Page 38
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Stabilization of yields over the last ten years
Page 39
5
6
7
8
9
10
11
12
13
14
Sources:
North America: ATA
Asia Pacific: AAPA for data until 2009 / For 2010, Q1 2010, Q2 2010: annual & interim reports (weighted average yield by RPK of the 10 major airlines)
Europe: AEA for data until 2009 / For 2010, Q1 2010, Q2 2010: annual & interim reports (weighted average yield by RPK of the 4 major airlines)
US Cents/RPK
Europe
Asia/Pacific
North America
5
6
7
8
9
10
11
12
13
14
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Source: ICAO/IATA (June 2011), Airbus
Airlines expected to remain profitable in 2011
5.5%
-1.8%
1.2%
4.7%
2.9%
4.0%
0.1%
-2.2%
2.0% 1.1%
2.9%
-4.7%
-1.8%
10.9%
2.3%
North America
Europe
Asia-Pacific
Airline industry EBIT margins (% of revenues)
Page 40
Fuel prices will continue to have an effect on the future profitability of airlines
2007 2008 2009 2010 2011
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
“Global middle class” expected to rise to 4.9 billion people by 2030
Source: Kharas and Gertz, Airbus
* Households with daily expenditures between $10 and $100 per person (at PPP)
Page 41
0
1,000
2,000
3,000
4,000
5,000
2010 2020 2030
Sub Sahara Africa
Middle East & North Africa
Latin America
North America
Asia-Pacific
Europe
Millions of people
1,845
3,249
4,884
664 703 680
525
1,740
3,228
338
333
322
181
251
313
105
165
234 107
0
1,000
2,000
3,000
4,000
5,000
2010 2020 2030
Sub Sahara Africa
Middle East & North Africa
Latin America
North America
Asia-Pacific
Europe 664 703 680
525
1,740
3,228
338
333
322
181
251
313
105
165
234
0
1,000
2,000
3,000
4,000
5,000
2010 2020 2030
Sub Sahara Africa
Middle East & North Africa
Latin America
North America
Asia-Pacific
Europe 664 703 680
525
1,740
3,228
338
333
322
181
251
313
0
1,000
2,000
3,000
4,000
5,000
2010 2020 2030
Sub Sahara Africa
Middle East & North Africa
Latin America
North America
Asia-Pacific
Europe 664 703 680
525
1,740
3,228
338
333
322
0
1,000
2,000
3,000
4,000
5,000
2010 2020 2030
Sub Sahara Africa
Middle East & North Africa
Latin America
North America
Asia-Pacific
Europe 664 703 680
525
1,740
3,228
0
1,000
2,000
3,000
4,000
5,000
2010 2020 2030
Sub Sahara Africa
Middle East & North Africa
Latin America
North America
Asia-Pacific
Europe 664 703 680
0
1,000
2,000
3,000
4,000
5,000
2010 2020 2030
Sub Sahara Africa
Middle East & North Africa
Latin America
North America
Asia-Pacific
Europe
66% of the global middle class will be in Asia-Pacific in 2030
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Page 42
Urbanisation is one of the main drivers of economic growth
0
20,000
40,000
60,000
80,000
100,000
120,000
0 10 20 30 40 50 60 70 80 90 100
2010 real GDP per capita ($US)
% Urban population
Switzerland
Luxembourg
Norway
Ireland
Trinidad and
Tobago
Aruba
Anguilla
Argentina
Brazil Russia India
China
USA
UK
France
Germany
Japan
Source: Global Insight, UN Population division
Bermuda
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Long-haul traffic will grow twice as fast as the network
Traffic
x 2.8
Network
x 1.4
Evolution of long-haul traffic and route network, 2010 set to 100% [passengers and number of city-pairs]
* Long haul traffic: flight distance >2,000nm
Traffic will more than double – airport infrastructure will not: routes will get bigger
Page 43
0%
100%
200%
300%
2010 2030
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Long-haul traffic will remain highly concentrated on the Aviation Megacities
0
100
200
300
400
500
1990 1994 1998 2002 2006 2010 2014 2018 2022 2026 2030
History Forecast
Aviation Megacity
<>
Aviation Megacity
Aviation Megacity
<>
Secondary city
Secondary city
<>
Secondary city
RPK (billion)
Long-haul traffic per route category*
Page 44
*- Long haul traffic: flight distance >2,000nm
Based on 2010’s 39 Aviation Megacities
0
100
200
300
400
500
1990 1994 1998 2002 2006 2010 2014 2018 2022 2026 2030
0
100
200
300
400
500
1990 1994 1998 2002 2006 2010 2014 2018 2022 2026 2030
0
100
200
300
400
500
1990 1994 1998 2002 2006 2010 2014 2018 2022 2026 2030
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Aviation megacities across the globe will drive future VLA demand
Page 45
2 PEK
4 LHR
9 PVG
11 NRT
3 HKG
14 FRA 5
JFK
7 SIN
6 CDG
1 DXB 10
LAX
8 DEL
12 BKK
16 SYD
19 SFO
20 ICN
13 BOM
18 GRU
15 SHA
17 CAN
2030 top 20 airports in number of VLAs
2030: 87 Aviation megacities
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0 500 1000 1500
Domestic United States
Domestic PRC
Intra Western Europe
United States - Western Europe
Domestic India
Middle East - Western Europe
Asia - Western Europe
South America - Western Europe
Asia - PRC
Intra Asia
PRC - Western Europe
Central Europe - Western Europe
Indian Sub - Middle East
Domestic Brazil
Domestic Asia
North Africa - Western Europe
Middle East - United States
Asia - Middle East
PRC - United States
Japan - United States
Domestic US still the largest flow in 2030, followed by domestic China and Intra Western Europe
20-year
growth
2.4%
7.2%
3.2%
3.9%
9.8%
5.7%
4.3%
5.1%
6.8%
6.4%
6.2%
5.7%
6.2%
6.6%
5.6%
4.6%
7.1%
5.5%
6.6%
3.8%
% of 2010
World RPK
17.8%
6.0%
10.3%
6.4%
1.0%
1.9%
2.4%
2.1%
1.5%
1.6%
1.5%
1.6%
1.4%
1.3%
1.5%
1.5%
0.9%
1.2%
1.0%
1.7%
0 500 1000 1500
Domestic United States
Domestic PRC
Intra Western Europe
United States - Western Europe
Domestic India
Middle East - Western Europe
Asia - Western Europe
South America - Western Europe
Asia - PRC
Intra Asia
PRC - Western Europe
Central Europe - Western Europe
Indian Sub - Middle East
Domestic Brazil
Domestic Asia
North Africa - Western Europe
Middle East - United States
Asia - Middle East
PRC - United States
Japan - United States
2010 traffic 2011-2030 growth
RPKs (billions)
Page 46
% of 2030
World RPK
11.1%
9.3%
7.5%
5.4%
2.6%
2.3%
2.2%
2.2%
2.2%
2.1%
2.0%
1.9%
1.9%
1.8%
1.7%
1.4%
1.4%
1.4%
1.4%
1.4%
Though domestic PRC will be 34% larger than domestic USA today
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Stay in service
Recycled
Replaced
Growth
20-year passenger aircraft demand for 26,900 aircraft worth US$ 3.3 trillion
Page 47
Fleet size
1,063
3,440
10,499
16,422
31,424
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Beginning 2011 2030
15,002
New aircraft 26,921
Passenger aircraft 100 seats (excluding freighters)
Airbus Market Research & Forecasts
+ 3.8 % per annum
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Recap and Conclusions
Page 48
4.8% Traffic
Growth 2010-2030
0 2000
Intra Asia
Asia - PRC
S. America - W. Europe
Asia - W. Europe
M. East - W. Europe
Domestic India
USA - W. Europe
Intra Western Europe
Domestic PRC
Domestic USA
Ten Largest Flows in 2030
Single-Aisle
Small Twin-Aisle
Intermediate Twin-Aisle
VLA
=500 Aircraft
Passenger and Freight Aircraft Demand
VLA
Intermediate Twin-Aisle
Single-Aisle
Small Twin-Aisle
40%
27%
16%
17%
by Value