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Airbus estimates need for 2,670 cargo aircraft by 2045, two-thirds to be converted

Airbus has estimated that the market will need 2,670 cargo aircraft by 2045, with nearly two-thirds coming from conversions of passenger aircraft. The manufacturer presented these sectoral projections on October 21, 2026 as part of the Cargo Facts Symposium.


Airbus estimates need for 2,670 cargo aircraft by 2045, two-thirds to be converted

2,670 cargo aircraft required, primarily to replace existing fleet

According to Airbus's 2026 edition of the "Cargo Global Market Forecast", the global fleet of dedicated freight aircraft would increase from 2,360 aircraft in 2026 to 3,460 in 2045. This is a forecast for the entire sector, not solely for the manufacturer's deliveries.

Of the 2,670 cargo aircraft required, 1,580 would primarily serve to replace older models and 1,090 to support traffic growth. By category, Airbus identified 1,140 narrowbody aircraft, 860 intermediate wide-body aircraft and 670 large-capacity wide-body aircraft.

The manufacturer valued new aircraft at 970 units, against 1,700 converted aircraft derived from passenger versions. Airbus cited among the models concerned the A350F under new construction, as well as conversions on the A320, A321 and A330 families, presented as enabling fuel consumption and carbon emissions reductions.

Traffic expected to rise by 3.2% annually, driven by Asia-Pacific

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Airbus based its projection on an average annual growth of 2.9% in long-term global trade and 3.2% per year in air freight traffic over the next two decades. According to the manufacturer, air freight represents less than 1% of global trade volume by weight, but more than 30% of its value.

Airbus indicated that the share of computers and high-technology products in air freight has doubled in value over the past three years, reaching 15% in 2026. E-commerce and the use of aircraft as an alternative to maritime transport for certain goods are among other drivers cited, despite high fuel prices, geopolitical disruptions and supply chain constraints.

Links between Asia-Pacific and North America would remain the most significant with 3.8% annual growth, ahead of those connecting Asia-Pacific to Europe. On the demand side, North America (925) and Asia-Pacific (850) would together represent two-thirds of the total, ahead of Europe and CIS (515), Latin America (165), the Middle East (125) and Africa (90).



Sector Aéronautique et Défense › Aéronautique / spatiale


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 33 200 millions d'euros
  • Quarterly revenue: 33 200 millions d'euros
  • Revenue growth: 12 %
  • Net income: 2 243 millions d'euros
  • Free cash flow: -1 043 millions d'euros
  • -8 360 millions d'euros
Risks mentioned
  • Dépréciation du dollar américain pesant sur les revenus des activités avions commerciaux
  • Taux de couverture de change moins favorable limitant la marge des avions commerciaux
  • Consommation de trésorerie liée à la constitution de stocks pour la montée en cadence
Opportunities identified
  • Commandes brutes d'avions commerciaux de 886 appareils et carnet de 9 222 avions
  • Prises de commandes Defence and Space en forte hausse à 9,3 milliards d'euros
  • Montée en cadence A320 vers 70 à 75 avions par mois fin 2027

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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