Airbus revised its 20-year industry-wide forecast for passenger aircraft demand down by 1%, expecting 42,060 total deliveries between 2026 and 2045. The Iran war and trade tensions slammed the brakes on post-pandemic airline activity rebound, driving a 390-aircraft drop from the previous forecast. Single-aisle jets fell to 33,920 units while wide-bodies dropped to 8,140, both down 1%. Replacement demand now accounts for 47% of future deliveries, up from 45%, signaling a shift toward fleet modernization over growth. India remains the fastest-growing market with 9.1% annual domestic traffic growth, while China’s forecast lowered to 4.7%. By 2045, air traffic will double to 10 billion passengers, with nearly 100% of the global fleet consisting of newest-generation aircraft.