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Which Airlines are Ordering the Most Commercial Jets?

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Visualizing the Largest Commercial Jet Orders, by Airline

Which Airlines are Ordering the Most Commercial Jets?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Commercial jet orders hit records in 2023 as travel demand soared.

India’s IndiGo airline ordered 500 jets in June, estimated to be valued at a $55 billion list price. In reality, this price is likely lower given that it was a large order (the financial statements have not yet been disclosed). Just months earlier, Air India ordered 470 jets.

The last time an order was this large was in 2011 with American Airlines purchasing 460 aircraft.

This graphic, from Julie Peasley, shows the biggest orders of aircraft around the world in 2023.

Which Airlines Bought the Most Aircraft?

The aircraft industry is run by a duopoly between Boeing and European giant Airbus, with a commercial jet running at more than $100 million.

Here are the top airlines by aircraft orders in 2023:

RankingAirlineCountryNumber of Aircraft
Ordered in 2023
1IndiGo🇮🇳 India500
2Air India🇮🇳 India470
3Southwest Airlines🇺🇸 U.S.156
4Emirates🇦🇪 UAE156
5Ryanair🇮🇪 Ireland150
6United Airlines🇺🇸 U.S.110
7Wizz Air🇭🇺 Hungary75
8Qatar Airways🇶🇦 Qatar73
9SunExpress🇹🇷 Türkiye45
10Avolon🇮🇪 Ireland40
11Riyadh Air🇸🇦 Saudi Arabia39
12Saudia🇸🇦 Saudi Arabia39
13Pegasus🇹🇷 Türkiye36
14Cathay Pacific🇭🇰 Hong Kong SAR32
15Flynas🇸🇦 Saudi Arabia30
16flydubai🇦🇪 UAE30
17airBaltic🇱🇻 Latvia30

As the above table shows, airlines in India purchased more jets than the next 13 countries combined.

Travel demand in India is projected to boom as the most populous country in the world continues to grow. India is the world’s third-biggest domestic aviation market and by 2042, its market is projected to be five times larger than 2019 levels.

Across India, discretionary spending accounted for 24% of household consumption in 2020, up from 13% in 2000.

Southwest Airlines and United Airlines each purchased over 100 jets. U.S. air travel hit records last year at 16.3 million flights.

Saudi Arabia’s new airline, Riyadh Air, purchased 39 jets as the country looks to boost international tourism. Prior to 2019, most foreign visitors couldn’t travel to the country. The airline is financed by the Public Investment Fund, the Saudi sovereign wealth fund and one of the biggest in the world. This investment is projected to add $20 billion to the economy.

Safety Concerns in the Spotlight

After a window blew out of a Boeing 737 Max 9 aircraft in early January, regulators are requiring the temporary grounding of almost 200 planes for safety inspections.

The Max 9’s are used by just two American airline operators, Alaska Air and United Airlines.

Prior to this incident, deliveries of Max 9’s were delayed due to potential manufacturing flaws involving loose bolts in the rudder-control system. In 2018 and 2019 an earlier version of these planes, the Max 8, crashed twice resulting in the death of 346 passengers. Max 8 and 9 planes were grounded for two years.

The two fatal crashes have cost Boeing an estimated $20 billion in settlements and fines, including a $2.5 billion criminal investigation settlement surrounding safety issues.

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This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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Markets

Charted: The Global Mining Industry, by Market Cap

Australia tops the list, with its major mining companies totaling $353 billion in market cap.

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This graphic breaks down the market value of the entire global mining industry, as of Jan. 16, 2025.

Charted: The Global Mining Industry, by Market Cap

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This graphic breaks down the market value of the entire global mining industry, as of Jan. 16, 2025, using data from Companiesmarketcap.com.

Note that this data only covers publicly-traded companies.

Australia and Canada Lead

Australia tops the list, with its major mining companies totaling $353 billion in market capitalization. The country is home to two of the biggest miners in the world, BHP and Rio Tinto.

RankCountryCompanyMarket Cap (USD)
1🇦🇺 AustraliaBHP Group125B
2🇨🇳 ChinaChina Shenhua Energy103B
3🇦🇺 AustraliaRio Tinto97B
4🇺🇸 U.S.Southern Copper77B
5🇺🇸 U.S.Freeport-McMoRan58B
6🇨🇭 SwitzerlandGlencore55B
7🇸🇦 Saudi ArabiaMaaden49B
8🇺🇸 U.S.Newmont48B
9🇨🇦 CanadaAgnico Eagle Mines43B
10🇮🇩 IndonesiaBayan Resources42B
11🇲🇽 MexicoGrupo México39B
12🇦🇺 AustraliaFortescue36B
13🇬🇧 UKAnglo American37B
14🇧🇷 BrazilVale37B
15🇨🇳 ChinaZijin Mining57B
16🇮🇳 IndiaCoal India27B
17🇨🇦 CanadaBarrick Gold28B
18🇨🇦 CanadaWheaton Precious Metals27B
19🇨🇦 CanadaNutrien26B
20🇨🇦 CanadaFranco-Nevada24B
21🇨🇦 CanadaTeck Resources22B
22🇨🇦 CanadaCameco22B
23🇬🇧 UKAntofagasta21B
24🇮🇳 IndiaVedanta20B
25🇷🇺 RussiaNornickel18B
26🇨🇦 CanadaIvanhoe Mines15B
27🇨🇳 ChinaYanzhou Coal Mining15B
28🇨🇦 CanadaKinross Gold13B
29🇦🇺 AustraliaNorthern Star12B
30🇷🇺 RussiaSeverstal11B
31🇨🇦 CanadaFirst Quantum Minerals11B
32🇰🇿 KazakhstanKazatomprom10B
33🇦🇺 AustraliaSouth3210B
34🇺🇸 U.S.Royal Gold9B
35🇨🇳 ChinaGanfeng Lithium9B
36🇸🇪 SwedenBoliden8B
37🇨🇦 CanadaAlamos Gold8B
38🇨🇦 CanadaPan American Silver8B
39🇨🇳 ChinaTianqi Lithium7B
40🇦🇺 AustraliaEvolution Mining7B
41🇨🇦 CanadaLundin Mining7B
42🇮🇳 IndonesiaNMDC7B
43🇨🇦 CanadaLundin Gold6B
44🇮🇩 IndiaUnited Tractors6B
45🇯🇵 JapanSumitomo Metal Mining6B
46🇲🇽 MexicoFresnillo6B
47🇵🇱 PolandKGHM6B
48🇿🇦 South AfricaHarmony Gold6B
49🇬🇧 UKEndeavour Mining5B
50🇿🇦 South AfricaImpala Platinum5B
🌍 Global TotalAll Companies Combined1.4T

Rich in minerals, Australia is the world’s largest producer of iron ore, essential for steel production, and lithium, a key component in batteries.

While Canada’s economy has struggled to keep pace with its southern neighbor, its mining industry remains formidable.

The country’s mining sector has a combined market capitalization of $344 billion, making it the second-largest globally.

Canada, the world’s second-largest country by area after Russia, has vast natural resource wealth. It is particularly rich in gold, copper, nickel, and potash.

United States with miners totaling $228 billion and China with companies totaling $206 billion come in third and forth, respectively.

Learn More on the Voronoi App

If you enjoyed this topic, check out this graphic showing the number of mines that must be developed to meet the expected demand for energy transition raw materials and chemicals by 2030.

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