Key Market Indicators
Air passenger traffic in Canada is expected to reach 44.4 million people by 2026, down 2.9% year-on-year on average. Since 1975, demand has fallen 16.6% year-on-year. In 2021, the country ranked 13th in the world, with the United Arab Emirates coming out ahead on 34.5 million passengers. The US, India and Ireland came in at 2nd, 3rd and 4th in the rankings. Airline revenue in Canada is projected to reach $3.1 billion by 2026, growing 0.1% year-on-year on average. Since 2013, the market has dropped 1.9% year-on-year. In 2021, the country ranked 10th in the world, with Portugal overtaking with $2.8 billion. Germany, the UK and Ireland came in at 2nd, 3rd and 4th in the rankings.
