August 19, 2023
Early in 2023 Boeing released its Pilot and Technician Outlook (PTO)– a 20-year forecast of global demand for new aviation personnel, including pilots, technicians and cabin crew. The PTO is developed, refined and published each year by Global Services’ Strategy team in partnership with various stakeholders and subject matter experts across the enterprise – but there’s much more to it than updating numbers every 12 months.
To better understand what goes in to creating the outlook, Boeing asked Tina Lewis, a senior manager in Global Services Strategy and one of the architects of the PTO, to explain how the report is generated, the importance of the data, and how it is used within Boeing and externally.
Tell us about the team that puts together the Pilot and Technician Outlook (PTO).
The PTO is a joint effort between our Strategy team, the Global Services Training Solutions business, and subject matter experts in Commercial Airplanes and Global Services Sales and Marketing.
We also collaborate with former and current pilots as well as mechanics to harvest customer insights and expertise. Working together, we identify changing industry requirements, evolving market trends, and the competitive landscape. We also use external industry research, leveraging benchmarks and data analysis to build out robust forecast assumptions.
Why does Boeing produce this outlook and who uses the data?
For more than two decades, the PTO has been the aviation industry’s leading forecast in global commercial personnel demand – providing airlines, suppliers and the wider aviation community a resource to track the evolution of market trends over a 20-year period.
When developing the PTO, we consider what is currently happening in the market in terms of regulatory changes, as well as the demand for future aircraft.
What data sources or metrics inform the outlook?
The Commercial Market Outlook is the main data source for our outlook. But before we get to modeling, we use primary and secondary research to collect data that helps shape our assumptions.
One of our biggest challenges is the availability of data. Information for some regions is not easily accessible. This makes it difficult to perform the right checks and balances against our forecast. We forecast future demand and not the current supply of personnel. We’ve developed viewpoints on the supply side using readily available U.S. data and other information shared directly from our stakeholders. Yet for other regions, it can be much more difficult to acquire credible data sources to validate our assumptions.
Source: Boeing News Now (BNN) Photo Credit: Boeing
You may also check our Terms and Conditions for our Content Policy. Searching for specific information - kindly contact us to see if we can assist you.
Loading Ad...
Please fill out the form below and the AFM platform will send this post via email to your preferred recipient