MT Magazine July/August 2023

THE BIG PICTURE

THE TRANSPORTATION ISSUE

18

THE AEROSPACE INDUSTRY FOLLOWING A RECESSION

Value of Aerospace MT Orders Following a Recession

The value of aerospace orders tends to grow at a slower pace than the overall market for machinery following a recession.

100 120 140 160 180

0 20 40 60 80

0 1 100 = Peak Prior to Recession

8 9 1011 121314

2 3 4 5 6 7

15 16

Quarters Since Peak COVID-19 GFC 2001 Recession Benchmark

Source: USMTO

Units of Aerospace MT Orders Following Recession

100 120 140

However, the number of units tends to return to pre-recession levels much quicker.

0 20 40 60 80

100 = Peak Prior to Recession

0 1

8 9 1011 121314

2 3 4 5 6 7

15 16

Quarters Since Peak COVID-19 GFC 2001 Recession Benchmark

Source: USMTO

Wide will be added They plan to planes in the

AIRLINES ARE INVESTING IN UPGRADED FLEETS THROUGH 2023