What Happened
Carriers Invest In Future Capacity Amid Long Production Backlogs
Airlines are ordering aircraft years in advance to secure delivery slots, despite not needing them immediately. This strategy is driven by long production backlogs, which can take up to 12 years to fulfill. According to the International Air Transport Association (IATA), the current order backlog of 17,000 airplanes is equivalent to almost 60% of the entire active global fleet. Airlines like Alaska and Lufthansa are taking advantage of options to adjust their orders or secure additional aircraft, as reported by Simple Flying.