U.S. aircraft maker Boeing $BA has slightly raised its annual forecasts for new transport aircraft deliveries for 20 years, thanks to strength in the narrow-body market driven by demand from low-cost carriers.
Boeing expects airlines to need to buy 42,595 aircraft between now and 2042, up from 41,170 in its previous 20-year forecast last year.
How do you rate BA stock?
Airlines have it tough. Boeing isn't doing too badly as it supplies parts to others and manufactures. Still, it's not investable for me.
Boeing is one of the two dominant manufacturers of large transport aircraft in the world, along with Airbus. They have a stable market position and a strong brand. In the long term, it can certainly make sense to some people. But I'm not looking for a portfolio rep in this sector.