LYNNWOOD, Wash. – The stock market may be caught in a downdraft, but things are looking up for the commercial airline industry – at least according to the Boeing Co.’s annual forecast.
“As we look at 2016, we see another good year,” Randy Tinseth, vice president of marketing for Boeing Commercial Airplanes, told industry executives here on Feb. 9 at the Pacific Northwest Aerospace Alliance’s annual conference.
The trends that are pushing stock prices down – including a slowdown in China’s economy and a drop in oil prices – aren’t dimming Tinseth’s outlook. He noted that cheap oil means it costs less to fuel up planes.
“It adds to the bottom line of our customers, which is good,” Tinseth said.