Key Market Indicators
Canadian air passenger traffic is projected to surge to nearly 120 million by 2028, up from approximately 103 million in 2023. This marks an average annual growth rate of 2.5%. Since 1975, demand for air travel in Canada has consistently shown an average yearly increase of 2.3%. In the global rankings for 2023, Canada secured the 11th spot. South Korea narrowly edged out Canada in the rankings, also recording around 103 million passengers. The top three positions were dominated by China, India, and Ireland, respectively. These countries continue to lead in air passenger traffic, reflecting their robust aviation markets.
