FORECASTS TRENDS

FORECASTS & TRENDS FAA Forecasts Steady Growth in Air Travel Demand . . . . . . . . . . . . . . . . . . . . . . . X224 U.S. Commercial Air Carriers Total Scheduled U.S. Passenger Traffic . . . . . . . . . . . . X224 U.S. Commercial Air Carriers Scheduled Passenger Capacity, Traffic and Load Factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X225 U.S. Commercial Air Carriers Total Scheduled U.S. International Passenger Travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X226 U.S. and Foreign Flag Carriers Passenger Traffic To/From the United States . . . . . . X227 U.S. Mainline Air Carriers Scheduled Passenger Capacity, Traffic and Load Factors by International Travel Regions . . . . . . . . . . . . . . . . . . . . . . X228 Total Jet Fuel and Aviation Gasoline Fuel Consumption: U.S. Civil Aviation Aircraft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X229 U.S. Mainline Air Carrier Forecast Assumptions: Jet Fuel Prices. . . . . . . . . . . . . . . X230 Boeing Orders 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X231 Boeing Deliveries 2007. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X232 Airbus Orders 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X233 Airbus Deliveries 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X234 Airline Traffic as Reported by Airlines Trade Associations IATA International Scheduled Passenger and Cargo Traffic Growth First Six Months of 2007 vs. First Six Months of 2006 . . . . . . . . . . . . . . . X236 Association of European Airlines (AEA) Monthly Traffic Report July 2006 to January 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X236 European Low Fares Airlines Association (ELFAA) Passengers Carried and Load Factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . X237 Scheduled Domestic and International Airline Travel on U.S Carriers . . . . . . . X237 Domestic Scheduled Airline Travel on U.S. Carriers . . . . . . . . . . . . . . . . . . . X238 International Scheduled Airline Travel on U.S. Carriers . . . . . . . . . . . . . . . . X238 Top 10 U.S. Airlines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X239 Top 10 U.S. Airports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X239 Average Domestic Airline Fares and Air Travel Price Index Since Second Quarter 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X240 Highest and Lowest Average U.S. Domestic Fares, 1st Quarter 2007 . . . . . . . . . . . X240 1st Quarter 2007 Average U.S. Domestic Fares . . . . . . . . . . . . . . . . . . . . . . . . . . X240 World Aerospace Database www.aviationweek.com/wad Forecasts & Trends X-223 FORECASTS & TRENDS FAA Forecasts Steady Growth in Air Travel Demand The number of passengers carried by U.S. commercial air carriers is on track to hit the one billion mark by 2015, according to the FAA Aerospace Forecast Fiscal Years 2007-2020, the agency’s annual forecast released in March. Forecasters predict air traffic will increase by the equivalent of two major hub airports each year through 2020. According to FAA, key hubs, such as Washington Dulles (68 percent), New York Kennedy (59 percent), Los Angeles International (54 percent), and Atlanta Hartsfield (38 percent), will see significant growth in the number of take-offs and landings. In releasing the forecast, DOT Secretary Mary Peters said the growth in passenger traffic could result in major passenger delays if government and industry fail to upgrade the nation’s air traffic control system. In 2006, delays reached an all time high and now cost the nation’s economy over $10 billion annually, Peters said in a press release. The FAA Aerospace Forecast Fiscal Years 2007-2020 predicts 768 million passengers will fly this fiscal year, more-than one billion passengers by 2015, and 1.2 billion by 2020. The forecast also expects 62.5 million take-offs and landings at the nation’s towered airports this fiscal year. By 2020, that number is expected to reach 81.1 million operations, growing by an average of 1.4 million per year during the forecast period. In addition, general aviation, or private flying hours are expected to increase by 59 percent by 2020. Select tables from the FAA forecast are reprinted here. More information on FAA’s forecast report and reform proposal can be obtained by going to www.faa.gov. U.S. Commercial Air Carriers 1/ Total Scheduled Passenger Traffic Revenue Passenger Enplanements (Millions) Fiscal Year Historical* 2000 2001 2002 2003 2004 2005 2006E Forecast 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Avg Annual Growth: 2000-06 2006-10 2010-20 2006-20 Domestic 641.2 626.8 574.6 587.8 628.5 669.4 667.7 692.3 714.0 736.3 759.9 784.5 810.3 837.2 865.5 895.3 926.5 959.3 994.2 1,029.2 1,065.9 0.7% 3.3% 3.4% 3.4% Int’l. 56.4 56.7 51.2 54.2 61.4 68.6 72.7 76.1 80.3 84.7 89.1 93.5 98.0 102.6 107.4 112.4 117.7 123.1 128.7 134.6 140.7 4.3% 5.2% 4.7% 4.8% System 697.6 683.4 625.9 642.0 689.9 738.0 740.4 768.4 794.3 821.0 848.9 878.0 908.3 939.8 973.0 1,007.7 1,044.1 1,082.4 1,122.9 1,163.8 1,206.6 1.0% 3.5% 3.6% 3.5% Revenue Passenger Miles (Billions) Domestic 512.8 508.1 473.0 492.7 540.2 576.9 582.9 598.6 618.8 640.6 665.3 690.6 718.4 747.0 778.1 811.3 845.7 883.3 922.9 964.0 1,007.4 2.2% 3.4% 4.2% 4.0% Int’l. 181.8 183.3 158.2 155.9 177.4 197.9 208.9 219.6 233.5 248.3 263.1 278.0 293.1 308.7 325.0 342.0 359.7 378.1 397.3 417.3 438.3 2.3% 5.9% 5.2% 5.4% System 694.6 691.4 631.2 648.6 717.7 774.8 791.8 818.2 852.3 888.9 928.4 968.6 1,011.5 1,055.7 1,103.1 1,153.3 1,205.4 1,261.5 1,320.2 1,381.3 1,445.6 2.2% 4.1% 4.5% 4.4% * Source: Forms 41 and 298-C, U.S. Department of Transportation. 1/ Sum of U.S. Mainline and Regional Air Carriers. X-224 www.aviationweek.com/wad Winter 2007 FORECASTS & TRENDS U.S. Commercial Air Carriers 1/ Scheduled Passenger Capacity, Traffic, and Load Factors Domestic Fiscal Year Historical* 2000 2001 2002 2003 2004 2005 2006E Forecast 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Avg Annual Growth: 2000-06 2006-10 2010-20 2006-20 ASMs (BIL) RPMs (BIL) %Load Factor ASMs (BIL) International RPMs (BIL) %Load Factor ASMs (BIL) System RPMs (BIL) %Load Factor 726.6 732.5 681.2 684.2 730.2 755.1 740.2 512.8 508.1 473.0 492.7 540.2 576.9 582.9 70.6 69.4 69.4 72.0 74.0 76.4 78.8 239.3 246.6 212.3 207.1 223.7 249.5 262.1 181.8 183.3 158.2 155.9 177.4 197.9 208.9 76.0 74.3 74.5 75.3 79.3 79.3 79.7 965.9 979.1 893.5 891.3 953.9 1,004.6 1,002.3 694.6 691.4 631.2 648.6 717.7 774.8 791.8 71.9 70.6 70.6 72.8 75.2 77.1 79.0 755.8 782.9 811.1 841.0 872.7 906.1 941.4 978.6 1,018.1 1,059.9 1,104.3 1,151.5 1,201.3 1,254.3 598.6 618.8 640.6 665.3 690.6 718.4 747.0 778.1 811.3 845.7 883.3 922.9 964.0 1,007.4 79.2 79.0 79.0 79.1 79.1 79.3 79.4 79.5 79.7 79.8 80.0 80.1 80.2 80.3 274.6 291.8 310.3 328.6 347.1 366.0 385.4 405.7 426.9 449.0 471.9 495.8 520.8 546.9 219.6 233.5 248.3 263.1 278.0 293.1 308.7 325.0 342.0 359.7 378.1 397.3 417.3 438.3 80.0 80.0 80.0 80.1 80.1 80.1 80.1 80.1 80.1 80.1 80.1 80.1 80.1 80.1 1,030.3 1,074.7 1,121.4 1,169.6 1,219.9 1,272.1 1,326.8 1,384.3 1,445.0 1,508.9 1,576.2 1,647.3 1,722.1 1,801.2 818.2 852.3 888.9 928.4 968.6 1,011.5 1,055.7 1,103.1 1,153.3 1,205.4 1,261.5 1,320.2 1,381.3 1,445.6 79.4 79.3 79.3 79.4 79.4 79.5 79.6 79.7 79.8 79.9 80.0 80.1 80.2 80.3 0.3% 3.2% 4.1% 3.8% 2.2% 3.4% 4.2% 4.0% 1.5% 5.8% 5.2% 5.4% 2.3% 5.9% 5.2% 5.4% 0.6% 3.9% 4.4% 4.3% 2.2% 4.1% 4.5% 4.4% *Source: Forms 41 and 298-C, U.S. Department of Transportation. 1/ Sum of U.S. Mainline and Regional Air Carriers. World Aerospace Database www.aviationweek.com/wad Forecasts & Trends X-225 FORECASTS & TRENDS U.S. Commercial Air Carriers 1/ Total Scheduled U.S. International Passenger Traffic Revenue Passenger Enplanements Atlantic (Mil) Latin America (Mil) Pacific (Mil) Total Int’l. (Mil) Atlantic (Bil) Revenue Passenger Miles Latin America (Bil) Pacific (Bil) Total Int’l. (Bil) Fiscal Year Historical* 2000 2001 2002 2003 2004 2005 2006E Forecast 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Avg Annual Growth: 2000-06 2006-10 2010-20 2006-20 20.9 20.5 18.0 17.8 19.9 21.6 22.5 24.3 24.8 23.6 25.9 29.2 33.7 36.3 11.2 11.4 9.6 10.5 12.3 13.2 13.9 56.4 56.7 51.2 54.2 61.4 68.6 72.7 87.1 86.2 74.7 73.2 82.1 89.5 93.9 36.3 37.6 34.5 36.6 41.8 49.2 54.0 58.4 59.4 49.0 46.2 53.5 59.2 61.1 181.8 183.3 158.2 155.9 177.4 197.9 208.9 23.4 24.4 25.4 26.4 27.4 28.4 29.4 30.4 31.5 32.6 33.7 34.8 36.0 37.2 38.1 40.0 41.9 43.9 46.0 48.1 50.3 52.7 55.1 57.6 60.3 63.1 66.0 69.1 14.6 15.9 17.3 18.7 20.1 21.5 22.9 24.4 25.9 27.5 29.1 30.8 32.5 34.4 76.1 80.3 84.7 89.1 93.5 98.0 102.6 107.4 112.4 117.7 123.1 128.7 134.6 140.7 98.1 102.5 107.0 111.4 115.9 120.4 125.0 129.7 134.6 139.7 144.9 150.2 155.8 161.5 57.8 61.4 65.3 69.3 73.5 77.9 82.5 87.3 92.5 97.9 103.6 109.5 115.9 122.6 63.7 69.6 76.0 82.4 88.6 94.9 101.3 108.0 114.9 122.2 129.7 137.5 145.6 154.2 219.6 233.5 248.3 263.1 278.0 293.1 308.7 325.0 342.0 359.7 378.1 397.3 417.3 438.3 1.2% 4.1% 3.5% 3.7% 6.9% 4.9% 4.6% 4.7% 3.7% 7.7% 6.3% 6.7% 4.3% 5.2% 4.7% 4.8% 1.3% 4.4% 3.8% 4.0% 6.8% 6.4% 5.9% 6.0% 0.7% 7.8% 6.5% 6.8% 2.3% 5.9% 5.2% 5.4% *Source: Forms 41 and 298-C, U.S. Department of Transportation. 1/ Sum of U.S. Mainline and Regional Air Carriers. X-226 www.aviationweek.com/wad Winter 2007 FORECASTS & TRENDS U.S. and Foreign Flag Carriers Total Passenger Traffic To/From the United States Total Passengers by World Travel Area (Millions) Calendar Year Historical* 2000 2001 2002 2003 2004 2005 2006E Forecast 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Avg Annual Growth: 2000-06 2006-10 2010-20 2006-20 Atlantic Latin America Pacific U.S./Canada Transborder Total 53.0 47.5 43.4 43.8 48.7 49.5 49.6 40.8 38.8 36.9 38.7 42.4 43.4 45.5 26.0 23.0 22.3 20.0 23.9 24.9 25.4 20.8 18.6 17.6 16.9 18.5 19.7 20.9 140.6 127.9 120.1 119.4 133.5 137.5 141.5 51.8 54.2 56.8 59.3 61.9 64.4 67.1 69.8 72.5 75.3 78.2 81.1 84.1 87.2 48.1 50.7 53.4 56.1 58.9 61.7 64.6 67.6 70.7 73.9 77.3 80.7 84.2 87.9 27.4 29.5 31.7 34.0 36.5 39.1 41.8 44.6 47.7 50.8 54.2 57.7 61.5 65.5 21.5 22.3 23.2 24.1 25.0 25.9 26.8 27.8 28.7 29.7 30.8 31.9 33.0 34.1 148.9 156.8 165.0 173.5 182.2 191.1 200.3 209.8 219.6 229.8 240.4 251.4 262.8 274.7 -1.1% 4.6% 3.9% 4.1% 1.9% 5.4% 4.6% 4.8% -0.3% 7.5% 6.8% 7.0% 0.1% 3.6% 3.5% 3.6% 0.1% 5.2% 4.7% 4.9% *Sources: Atlantic, Pacific, and Latin America, INS Form I-92, U.S. Department of Commerce; U.S./ Canada Transborder, Transport Canada. World Aerospace Database www.aviationweek.com/wad Forecasts & Trends X-227 FORECASTS & TRENDS U.S. Mainline Air Carrier Forecast Assumptions Jet Fuel Prices DOMESTIC FISCAL YEAR CURRENT $ (Cents) FY 2006 $ (Cents) INTERNATIONAL CURRENT $ (Cents) FY 2006 $ (Cents) SYSTEM CURRENT $ (Cents) FY 2006 $ (Cents) Historical* 2000 2001 2002 2003 2004 2005 2006E Forecast 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Avg Annual Growth: 2000-06 2006-10 2010-20 2006-20 71.49 82.35 66.97 82.22 100.75 149.39 194.69 83.94 93.73 75.11 90.07 107.88 154.89 194.69 79.35 86.10 71.71 86.01 105.76 157.26 204.69 93.17 98.00 80.43 94.23 113.24 163.05 204.69 73.57 83.37 68.28 83.28 102.07 151.58 197.72 86.39 94.90 76.58 91.23 109.30 157.16 197.72 193.16 204.50 206.19 203.37 199.66 196.02 194.79 197.87 201.73 202.80 209.43 217.13 225.24 233.68 189.29 195.34 192.02 184.85 177.22 170.15 165.22 164.08 163.51 160.67 162.20 164.40 166.73 169.10 203.08 215.00 216.78 213.82 209.92 206.09 204.79 208.03 212.10 213.22 220.19 228.28 236.81 245.69 199.01 205.38 201.88 194.35 186.33 178.89 173.71 172.52 171.91 168.92 170.54 172.85 175.29 177.79 196.16 207.68 209.39 206.54 202.77 199.07 197.82 200.95 204.87 205.95 212.69 220.51 228.75 237.32 192.23 198.38 195.01 187.73 179.98 172.79 167.79 166.64 166.05 163.17 164.73 166.96 169.32 171.73 18.2% 1.1% 1.4% 1.3% 15.1% -1.3% -0.9% -1.0% 17.1% 1.1% 1.4% 1.3% 14.0% -1.3% -0.9% -1.0% 17.9% 1.1% 1.4% 1.3% 14.8% -1.3% -0.9% -1.0% * Source: Forms 41 and 298-C, U.S. Department of Transportation. X-228 www.aviationweek.com/wad Winter 2007 FORECASTS & TRENDS Total Jet Fuel and Aviation Gasoline Fuel Consumption U.S. Civil Aviation Aircraft (Millions of Gallons) Jet Fuel U.S. Air Carriers 1/ Fiscal Year Historical* 2000 2001 2002 2003 2004 2005 2006E Forecast 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Avg Annual Growth: 2000-06 2006-10 2010-20 2006-20 Domestic Int’l. Total General Aviation Total Air Carrier General Aviation Fuel Total Consumed Aviation Gasoline 14,746 14,469 12,653 12,886 13,502 13,978 13,461 5,297 5,395 4,844 4,990 4,835 5,378 5,851 20,043 19,864 17,497 17,876 18,337 19,356 19,313 972 918 938 932 1,231 1,255 1,289 21,015 20,782 18,435 18,808 19,568 20,612 20,601 2 2 2 2 2 2 2 333 279 277 273 273 255 262 335 281 279 275 275 257 264 21,350 21,064 18,714 19,083 19,843 20,869 20,865 13,676 14,096 14,531 14,993 15,480 15,993 16,532 17,101 17,701 18,337 19,010 19,724 20,475 21,271 6,099 6,450 6,824 7,191 7,559 7,929 8,309 8,703 9,112 9,536 9,973 10,426 10,897 11,387 19,775 20,546 21,355 22,184 23,039 23,922 24,841 25,803 26,813 27,873 28,984 30,150 31,372 32,658 1,406 1,552 1,711 1,886 2,083 2,273 2,464 2,646 2,822 2,994 3,170 3,348 3,522 3,699 21,181 22,099 23,066 24,069 25,122 26,195 27,305 28,449 29,635 30,868 32,154 33,499 34,894 36,357 2 2 2 2 2 2 2 2 2 2 2 2 2 2 268 274 281 286 293 294 294 294 296 297 299 300 301 301 270 276 283 288 295 296 296 296 298 299 301 302 303 303 21,451 22,375 23,349 24,357 25,417 26,491 27,601 28,745 29,933 31,167 32,455 33,801 35,197 36,660 -1.5% 2.7% 3.6% 3.3% 1.7% 5.3% 4.7% 4.9% -0.6% 3.5% 3.9% 3.8% 4.8% 10.0% 7.0% 7.8% -0.3% 4.0% 4.2% 4.1% 0.0% 0.0% 0.0% 0.0% -3.9% 2.3% 0.5% 1.0% -3.9% 2.3% 0.5% 1.0% -0.4% 3.9% 4.2% 4.1% * Source: Air carrier jet fuel, Form 41, U.S. Department of Transportation; all others, FAA APO estimates. 1/ Includes both passenger (mainline and regional air carrier) and cargo carriers World Aerospace Database www.aviationweek.com/wad Forecasts & Trends X-229 FORECASTS & TRENDS U.S. Mainline Air Carriers Scheduled Passenger Capacity, Traffic and Load Factors by International Travel Regions ATLANTIC Fiscal Year ASMs (BIL) RPMs % LOAD (BIL) FACTOR LATIN AMERICA ASMs (BIL) RPMs % LOAD (BIL) FACTOR ASMs (BIL) PACIFIC RPMs % LOAD (BIL) FACTOR INTERNATIONAL ASMs (BIL) RPMs % LOAD (BIL) FACTOR Historical* 2000 2001 2002 2003 2004 2005 2006E Forecast 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Avg Annual Growth: 2000-06 2006-10 2010-20 2006-20 109.9 112.9 97.0 93.7 100.5 108.6 115.8 87.1 86.2 74.7 73.2 82.1 89.5 93.9 79.2 76.4 77.0 78.1 81.7 82.4 81.1 51.4 53.0 50.6 51.1 57.2 65.4 69.3 35.5 36.6 33.6 35.4 40.3 47.2 51.9 69.0 69.2 66.5 69.3 70.4 72.2 74.9 76.6 79.1 63.2 60.3 63.6 72.3 73.7 58.4 59.4 49.0 46.2 53.5 59.2 61.1 76.2 75.2 77.5 76.6 84.2 81.8 82.8 238.0 244.9 210.8 205.1 221.3 246.3 258.9 181.0 182.3 157.3 154.8 175.9 195.8 206.8 76.0 74.4 74.6 75.5 79.5 79.5 79.9 121.3 126.7 132.2 137.7 143.2 148.8 154.5 160.3 166.4 172.6 179.1 185.7 192.6 199.6 98.1 102.5 107.0 111.4 115.9 120.4 125.0 129.7 134.6 139.7 144.9 150.2 155.8 161.5 80.8 80.9 80.9 80.9 80.9 80.9 80.9 80.9 80.9 80.9 80.9 80.9 80.9 80.9 73.1 77.8 82.8 87.9 93.3 98.9 104.8 111.1 117.7 124.7 132.0 139.6 147.8 156.4 55.6 59.1 62.9 66.8 70.9 75.2 79.7 84.4 89.4 94.8 100.3 106.1 112.3 118.9 76.0 76.0 76.0 76.0 76.0 76.0 76.0 76.0 76.0 76.0 76.0 76.0 76.0 76.0 76.8 83.8 91.6 99.2 106.7 114.3 122.0 130.1 138.5 147.2 156.3 165.7 175.5 185.8 63.7 69.6 76.0 82.4 88.6 94.9 101.3 108.0 114.9 122.2 129.7 137.5 145.6 154.2 83.0 83.0 83.0 83.0 83.0 83.0 83.0 83.0 83.0 83.0 83.0 83.0 83.0 83.0 271.2 288.4 306.7 324.9 343.3 362.0 381.3 401.5 422.5 444.5 467.3 491.0 515.8 541.8 217.4 231.2 246.0 260.6 275.4 290.4 305.9 322.1 339.0 356.6 374.8 393.9 413.7 434.6 80.2 80.2 80.2 80.2 80.2 80.2 80.2 80.2 80.2 80.2 80.2 80.2 80.2 80.2 0.9% 4.4% 3.8% 4.0% 1.3% 4.4% 3.8% 4.0% 5.1% 6.1% 5.9% 6.0% 6.5% 6.5% 5.9% 6.1% -0.6% 7.7% 6.5% 6.8% 0.7% 7.8% 6.5% 6.8% 1.4% 5.8% 5.2% 5.4% 2.3% 5.9% 5.2% 5.4% *Source: Form 41, U.S. Department of Transportation X-230 www.aviationweek.com/wad Winter 2007 FORECASTS & TRENDS Boeing Orders 2007 Orders through July 31, 2007 2007 Net Orders AeroSvit Air Berlin Air Canada Air France Air New Zealand AirTran Airways ALAFCO Alaska Airlines All Nippon Airways Arik Air Aviation Capital Group Azerbaijan Airlines Boeing Business Jet British Airways Cargolux Airlines C.I.T. Leasing Corporation Continental Airlines COPA Airlines Delta Air Lines DHL International First Choice Airways GE Capital Corporation ILFC JAL International Jet Airways KLM - Royal Dutch Airlines LAN Airlines Lion Air LOT Polish Airlines Oak Hill Capital Partners Philippine Airlines Royal Jordanian Ryanair SkyEurope Southwest Airlines SpiceJet S7 Group TAM Travel Service Unidentified UPS WestJet Uzbekistan Airways V Australia Virgin Atlantic Airways Virgin Blue Airlines 2007 Gross Orders Changes 2007 Net Orders Source: Boeing 10 327 -4 323 12 -4 8 36 36 0 87 -2 85 236 236 6 15 20 2 100 8 27 35 4 1 46 27 5 28 10 15 6 4 2 40 1 7 3 3 10 6 1 52 5 6 4 5 4 4 1 3 5 5 15 2 11 1 4 15 6 1 4 4 3 5 3 4 16 9 4 737 323 7 25 23 747 8 767 36 777 85 787 236 Total 688 7 25 23 9 4 15 22 1 4 7 20 5 16 4 3 10 9 4 1 6 4 6 63 5 3 7 3 40 1 6 4 2 27 5 28 10 15 4 1 189 27 20 2 6 15 10 698 -10 688 World Aerospace Database www.aviationweek.com/wad Forecasts & Trends X-231 FORECASTS & TRENDS Boeing Deliveries 2007 Current Year Deliveries Through June 2007 Total 2007 Deliveries Aeromexico Air Canada Air Europa Air France Air India Express Air New Zealand AirTran Airways Alaska Airlines All Nippon Airways Asiana Airlines Austrian Bavaria Boeing Business Jet China Airlines China Southern Airlines Continental Airlines Delta Air Lines EVA Air GE Capital Corporation GOL Airlines Guggenheim Aviation Partners Icelandair ILFC Jade Cargo International JAL International Jet Airways Kenya Airways KLM - Royal Dutch Airlines Korean Air LAN Airlines Lion Air Nippon Cargo Airlines Pakistan Int'l Airlines Pegasus Aviation Finance RBS Aviation Capital Royal Air Maroc Royal Thai Air Force Ryanair SAS Singapore Aircraft Leasing Singapore Airlines Southwest Airlines SpiceJet TAAG (Angola Airlines) Transavia Airlines TUI Turkmenistan Airlines Unidentified Customer UPS US Air Force Xiamen Airlines Total 2007 Deliveries Source: Boeing 737 169 3 2 5 5 1 10 7 4 747 7 767 6 777 38 4 Total 220 3 4 2 5 5 1 10 7 9 1 1 2 2 1 9 2 4 2 20 2 2 4 28 2 7 5 1 1 1 1 3 1 1 1 4 2 1 17 1 4 4 17 3 1 1 7 2 1 1 1 3 220 2 3 1 1 2 2 1 9 2 4 18 2 2 4 21 2 4 3 1 1 1 3 1 1 1 4 2 1 17 1 4 4 17 3 1 1 7 2 1 1 1 3 169 2 1 2 1 7 2 2 7 6 38 X-232 www.aviationweek.com/wad Winter 2007 FORECASTS & TRENDS Airbus Orders 2007 Summary to 30th June 2007 Total to date: 680 Customer A318 Single-Aisle 392 A319 A320 A321 A330200 A330200F A330300 A330/A340/A350 279 A340300 A340500 A340600 A350A350A350800XWB 900XWB 1000XWB A380 9 A380 A380F TOTAL 680 TOTAL AirAsia Guggenheim Aviation Partners* Spirit Airlines Comlux Aviation AG Private Customer* Private Customer* Petters Worldwide Group* Royal Air Force of Oman* British Airways LAN Airlines Finnair Finnair Private Customer* Cebu Pacific Jet Alliance Israir* Aviation Capital Group* Private Customer* Emirates Flyington Freighters* Avion Aircraft Trading* AERCAP Private Customer* Petters Worldwide Group Avianca Qatar Airways Jazeera Airways ALAFCO Nouvelair GECAS S7 Group* Air France Private customer Intrepid Aviation* Fly Asian Xpress* Thai Airways Aeroflot Etihad Airways Afriqiyah Airways Aircastle Advisor Ltd* CIT Leasing MNG Airlines* Flyington Freighters Avianca Mandala Airlines* Singapore Airlines easyJet Uzbekistan Airways TOTALS Source: Airbus * New customer in 2007 50 6 30 2 1 1 1 2 4 8 11 7 1 10 2 4 3 14 2 1 4 6 6 10 1 5 6 30 7 2 46 25 1 20 15 8 5 4 5 15 9 16 2 6 7 7 25 5 20 35 10 108 6 267 7 24 64 24 8 2 5 55 77 20 9 5 2 3 1 4 18 4 1 5 20 12 40 20 3 7 14 2 World Aerospace Database www.aviationweek.com/wad Forecasts & Trends X-233 FORECASTS & TRENDS Airbus Deliveries 2007 Totals per A/C Family Customer Aer Lingus AERCAP (Aer Lingus) AERCAP (bmi - british midland) AERCAP (British Midland) AERCAP (Juneyao Airlines) AERCAP (Kingfisher Airlines) AERCAP (Skybus) Air Asia Air Berlin Air China Air Deccan Air France Air One AirAsia All Nippon Airways Babcock and Brown (Virgin America) Boullioun Aviation Services (Air Astana) British Airways British Airways (GB Airways) Cebu Air Cebu Pacific China Airlines China Eastern Airlines China Southern Airlines CIT Leasing (Air Arabia) CIT Leasing (Bangkok Airways) CIT Leasing (Qatar Airways) CIT Leasing (TAM - Linhas Aereas) CIT Leasing (Volare) CIT Leasing (Volaris) CSA Czech Airlines Czech Republic* easyJet Etihad Airways Federal Express Finnair Frontier Airlines Gecas (Aeroflot) GECAS (Air France) GECAS (East Star Airlines Co. Ltd.) GECAS (Frontier Airlines) GECAS (Hainan) GECAS (Philippine Airlines) GECAS (Spring Airlines) Germanwings Iberia Iberia (Clickair) ILFC (Aegean Airlines) ILFC (Aer Lingus) ILFC (Air Deccan) ILFC (Air Europa) ILFC (Air France) 1 2 3 4 3 3 1 1 1 1 1 1 1 1 1 2 4 1 1 2 5 1 2 1 14 3 1 3 1 1 1 1 2 1 1 1 1 1 1 2 2 2 5 4 2 2 1 1 1 1 1 1 1 6 3 1 1 1 1 1 A318 Single-Aisle 183 A319 A320 A321 A300-600R 5 A300600R A330200 1 A330300 1 A330/A340 43 A340300 A340500 A340600 A380 0 A380 TOTAL 231 TOTAL X-234 www.aviationweek.com/wad Winter 2007 FORECASTS & TRENDS Airbus Deliveries 2007 Totals per A/C Family Customer ILFC (Air Malta) ILFC (China Airlines) ILFC (China Southern Airlines) ILFC (China Southern) ILFC (Eurofly) ILFC (Iberworld) ILFC (Jet Airways) ILFC (Kingfisher Airlines) ILFC (KLM) ILFC (LTU) ILFC (Mexicana) ILFC (Shenzhen Airlines) ILFC (Sichuan Airlines) ILFC (Spirit Airlines) ILFC (Star Flyer Inc.) ILFC (Virgin Atlantic Airways) ILFC (Vueling) Indian Airlines indiGo Interjet Jazeera Airways Jet Airways jetBlue Airways LAN Airlines Lufthansa Macquarie Aircraft Leasing (Air Via) Macquarie Aircraft Leasing (TAM) Niki Northwest Airlines Philippine Airlines Private customer Private customer* Qantas Airways (Jetstar) Qatar Airways RBS Aerospace (Aeroflot) RBS Aerospace (All Nippon Airways) RBS Aerospace (Shenzhen Airlines) RBS Aerospace (Vueling) RBS Aviation Capital (Aeroflot) RBS Aviation Capital (Vueling) Royal Air Maroc Sichuan Airlines Silkair Stumpf Group - Millenium Aviation* TACA International Airlines TAM - Linhas Aereas Thai Airways International Tunis Air Turkish Airlines Vietnam Airlines Virgin America Volaris Wizz Air TOTALS 7 60 5 3 97 19 5 21 13 2 1 6 0 231 3 1 1 3 4 1 1 1 3 4 1 1 1 1 1 1 1 1 1 1 1 1 2 2 1 1 1 4 1 1 1 3 7 4 2 1 2 2 1 3 6 1 1 1 2 2 1 3 1 1 1 1 1 1 3 A318 Single-Aisle 183 A319 A320 2 1 A321 A300-600R 5 A300600R A330200 A330300 A330/A340 43 A340300 A340500 A340600 A380 0 A380 TOTAL 231 TOTAL World Aerospace Database www.aviationweek.com/wad Forecasts & Trends X-235 FORECASTS & TRENDS Airline Traffic as Reported by Airline Trade Associations IATA International Scheduled Passenger and Cargo Traffic Growth First Six Months of 2007 vs. First Six Months of 2006 RPK Growth (% change) ASK Growth (% change) Pax Load Factor FTK Growth (% change) ATK Growth (% change) Africa Asia/Pacific Europe Latin America Middle East North America Industry Source: International Air Transport Association Notes: RPK: Revenue Passenger Kilometers ASK: Available Seat Kilometers FTK: Freight Tonne Kilometers ATK: Available Tonne Kilometers 9.9 6.0 4.9 0.7 17.8 5.2 6.3 7.7 5.0 4.1 1.4 14.9 5.0 5.4 67.5% 74.3% 76.3% 71.3% 74.3% 80.2% 75.7% -2.7 4.6 0.7 -3.8 11.7 -1.2 2.7 6.0 6.0 2.8 7.1 15.0 2.2 5.0 Association of European Airlines (AEA) Monthly Traffic Report July 2006 to January 2007 Total Scheduled Pax [000] RPK [mill] Passenger Data ASK PLF [mill] Pax % RPK % ASK % Freight Data PLF TFTK %pts [mill] TFTK [%] Jan-Dec 06 Jul Aug Sep Oct Nov Dec 06 Jan Feb Mar Apr May Jun Jan-Jun 07 343 986 737 231 963 911 32 399 31 313 31 622 30 548 26 843 25 783 25 042 24 147 29 270 29 848 30 904 32 060 70 361 68 803 66 004 64 225 57 257 57 953 57 612 52 446 63 181 63 627 64 151 68 006 86 273 86 132 83 221 83 833 77 923 78 272 79 391 72 391 82 122 82 017 85 482 85 567 76.5 81.6 79.9 79.3 76.6 73.5 74.0 72.6 72.4 76.9 77.6 75.0 79.5 75.8 4.6 4.1 3.9 3.9 4.9 4.5 4.3 5.0 4.6 6.7 2.4 1.5 2.1 3.6 5.3 4.4 4.0 4.6 4.8 5.3 5.6 5.2 5.4 8.1 2.7 3.2 4.2 4.7 4.4 3.7 4.3 4.7 4.6 5.1 4.6 5.0 4.0 4.3 4.1 3.3 3.9 4.1 0.6 0.5 -0.2 -0.1 0.1 0.1 0.8 0.2 1.0 2.7 -1.0 -0.1 0.2 0.5 36 511 3 044 2 913 3 086 3 248 3 293 3 147 2 766 2 774 3 284 3 057 3 078 3 163 18 121 2.8 2.0 3.7 3.9 1.4 3.6 0.5 1.8 1.1 0.5 0.9 2.5 4.8 1.9 171 271 369 025 486 970 Source: Association of European Airlines X-236 www.aviationweek.com/wad Winter 2007 FORECASTS & TRENDS European Low Fares Airlines Association (ELFAA) Passengers Carried and Load Factor 12 Months Ended June 30, 2007 Airline easyJet Flybe Myair.com Norwegian Ryanair Sky Europe Sterling Sverigeflyg Transavia.com Wizzair TOTALS Source: ELFAA Country U.K. U.K. Italy Norway Ireland Slovakia Denmark Sweden The Netherlands Hungary Passengers Carried 35,700,000 5,200,000 N/A 5,400,000 44,400,000 3,200,000 4,000,000 400,000 5,100,000 3,300,000 106,700,000 Pax Load Factor 84.0% N/A N/A 77.3% 82.0% 81.3% 79.6% 80.0% 75.0% 81.0% 82.0% No. of Daily Flights (June ’07) 890 480 N/A 180 900 94 103 60 115 80 2,902 Scheduled Domestic and International Airline Travel on U.S. Carriers Monthly Apr-06 Apr-07 Change % 2006 Year-to-Date 2007 Change % Passengers (in millions) 63.2 Flights (in thousands) 866.0 Revenue Passenger Miles (in billions) 67.1 Available Seat-Miles (in billions) 83.0 Load Factor* 80.9 Flight Stage Length** 701.7 Passenger Trip Length*** 1,062.5 64.9 877.2 68.8 85.2 80.8 705.7 1,060.9 2.7 1.3 2.5 2.6 -0.1 0.6 -0.2 237.9 3,397.6 251.9 323.7 77.8 698.5 1,058.8 243.2 3,446.2 259.1 332.8 77.9 702.1 1,065.2 2.2 1.4 2.8 2.8 0.1 0.5 0.6 Source: Bureau of Transportation Statistics, T-100 Market and Segment *Change in load factor points **The average non-stop distance flown per departure in miles *** The average distance flown per passenger in miles Note: Percent changes based on numbers prior to rounding. World Aerospace Database www.aviationweek.com/wad Forecasts & Trends X-237 FORECASTS & TRENDS Domestic Scheduled Airline Travel on U.S. Carriers Monthly Apr-06 Apr-07 Change % 2006 Year-to-Date 2007 Change % Passengers (in millions) Flights (in thousands) Revenue Passenger Miles(in billions) Available Seat-Miles(in billions) Load Factor* Flight Stage Length** Passenger Trip Length*** 55.8 794.4 48.8 59.9 81.4 619.9 874.1 57.4 804.9 49.8 61.1 81.4 620.4 867.4 2.8 1.3 2.0 2.0 0.0 0.1 -0.8 210.3 3,120.0 183.4 235.1 78.0 618.6 871.9 214.4 3,163.3 186.4 239.4 77.9 618.0 869.5 1.9 1.4 1.6 1.8 -0.1 -0.1 -0.3 Source: Bureau of Transportation Statistics, T-100 Market and Segment *Change in load factor points **The average non-stop distance flown per departure in miles *** The average distance flown per passenger in miles Note: Percent changes based on numbers prior to rounding. International Scheduled Airline Travel on U.S. Carriers Monthly Apr-06 Apr-07 Change % 2006 Year-to-Date 2007 Change % Passengers (in millions) 7.3 Flights (in thousands) 71.6 Revenue Passenger-Miles (in billions) 18.3 Available Seat-Miles (in billions) 23.1 Load Factor* 79.4 Flight Stage Length** 1,609.7 Passenger Trip Length*** 2,495.2 7.5 72.3 19.0 24.1 79.2 1,656.5 2,543.4 2.0 0.9 3.9 4.3 -0.2 2.9 1.9 27.6 277.5 68.5 88.6 77.4 1,596.3 2,483.9 28.8 282.9 72.7 93.4 77.8 1,642.5 2,520.7 4.5 1.9 6.0 5.4 0.4 2.9 1.5 Source: Bureau of Transportation Statistics, T-100 Market and Segment *Change in load factor points **The average non-stop distance flown per departure in miles *** The average distance flown per passenger in miles Note: Percent changes based on numbers prior to rounding. X-238 www.aviationweek.com/wad Winter 2007 FORECASTS & TRENDS Top 10 U.S. Airlines Ranked by April 2007 System* Scheduled Enplanements Passenger numbers in millions (000,000) Apr 2007 Rank Apr 2007 Enplaned Passengers April 2006 Rank April 2006 Enplaned Passengers Pct. Change 2006-2007 Carrier 1 2 3 4 5 6 7 8 9 10 Southwest American Delta United Northwest Continental US Airways AirTran JetBlue SkyWest 8.435 8.202 6.154 5.903 4.589 4.217 3.290 1.997 1.933 1.793 2 1 3 4 5 6 7 9 10 12 8.131 8.425 6.156 5.841 4.606 4.037 3.264 1.768 1.599 1.571 3.7 -2.7 0.0 1.0 -0.4 4.5 0.8 12.9 20.9 14.1 Source: Bureau of Transportation Statistics, T-100 Domestic Market *System equals domestic plus international Note: Percent changes based on numbers prior to rounding Top 10 U.S. Airports Ranked by April 2007 System* Scheduled Enplanements Passenger numbers in millions (000,000) Jan-Apr 2007 Rank Jan-Apr 2007 Enplaned Passengers Jan-April 2006 Rank Jan-April 2006 Enplaned Passengers Pct. Change 2006-2007 Airport 1 2 3 4 5 6 7 8 9 10 Atlanta Chicago - O'Hare Dallas-Fort Worth Denver Los Angeles Int'l Phoenix Las Vegas Houston-Bush Orlando Detroit Metro 13.185 10.825 8.872 7.462 7.448 6.876 6.832 6.504 5.612 5.541 1 2 3 5 4 6 7 8 9 10 13.005 10.926 9.033 7.078 7.234 6.787 6.770 6.365 5.553 5.457 1.4 -0.9 -1.8 5.4 3.0 1.3 0.9 2.2 1.1 1.5 Source: Bureau of Transportation Statistics, T-100 Domestic Market *System equals domestic plus international Note: Percent changes based on numbers prior to rounding World Aerospace Database www.aviationweek.com/wad Forecasts & Trends X-239 FORECASTS & TRENDS Average Domestic Airline Fares and Air Travel Price Index Since Second Quarter 2005 Percent Change by Quarter ATPI 1Q 1995=100 Average Domestic Fares Avg. Fare ($) Second Quarter 2005 Third Quarter 2005 Fourth Quarter 2005 First Quarter 2006 Second Quarter 2006 Third Quarter 2006 Fourth Quarter 2006 First Quarter 2007 Source: Bureau of Transportation Statistics Note: Quarter-to-quarter changes may be affected by seasonal factors. Fares based on domestic itinerary fares, round-trip or one-way for which no return is purchased. Air Travel Price Index Index 108.2 109.2 111.5 114.6 120.6 117.4 114.0 114.6 Pct. Change 4.1 0.9 2.2 2.7 5.3 -2.6 -2.9 0.5 Pct. Change 2.7 -0.6 2.0 4.0 6.4 -4.3 -3.0 0.1 362.2 360.0 367.2 382.0 406.4 391.2 379.5 379.8 Highest and Lowest Average U.S. Domestic Fares, 1st Quarter 2007 Top 100 Airports Based on Passenger Enplanements Rank Origin First Quarter 2007 1st Quarter 2007 Average U.S. Domestic Fares Average Domestic Fares ($) % change from same quarter previous year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 391.6 362.8 382.6 411.3 411.8 413.8 422.4 377.6 378.6 377.2 352.7 382.0 379.8 -7.3 5.5 7.5 0.1 0.5 2.1 -10.6 0.3 -0.4 -6.5 8.3 -0.6 1 2 3 4 5 Highest Average Fares Cincinnati OH Anchorage AK Honolulu HI New York NY: JFK San Francisco CA Average Fare at All Airports Lowest Average Fares Dallas TX: Love Field Chicago IL: Midway Houston TX: Hobby Islip NY Buffalo NY 531.5 526.1 489.4 479.5 479.3 379.8 1 2 3 4 5 238.1 271.2 282.6 287.9 292.8 Source: Bureau of Transportation Statistics Fares based on domestic itinerary fares, round-trip or one-way for which no return is purchased. Source: Bureau of Transportation Statistics Fares based on domestic itinerary fares, round-trip or one-way for which no return is purchased. X-240 www.aviationweek.com/wad Winter 2007