Key Market Indicators
Icelander Air Transport Traffic is projected to see a modest increase, reaching approximately 37,600 departures by 2028, up from 36,400 departures in 2023. This growth represents a compound annual growth rate (CAGR) of 0.5%. Historically, Iceland has faced challenges in maintaining its air transport demand. Since 1975, the country has experienced a significant annual decrease of 7.8% in air traffic. In 2023, Iceland ranked 72nd globally in terms of departures, with Jordan narrowly surpassing it at the same number of 36,400 departures. On the international stage, the top positions in air transport traffic were held by China, India, and Canada, securing the second, third, and fourth spots respectively.
