Key Market Indicators
Austrian Airline Revenue is projected to hit $6.6 billion by 2028, rising from $4.3 billion in 2023. This indicates an annual growth rate of 6.5%. Since 2017, Austria's airline market has seen an impressive year-on-year growth of 18.4%. In 2023, Austria ranked seventh in the sector, with France surpassing it with $4.3 billion. Germany, Ireland, and Russia took the second, third, and fourth spots, respectively. Austrian Air Passenger Traffic is expected to reach approximately 33.4 million passengers by 2028, up from nearly 25.7 million passengers in 2023. This reflects an average annual growth rate of 4.2%. Since 1975, the demand for air travel in Austria has grown at an average annual rate of 14.7%. In 2023, Austria ranked 31st globally in air passenger traffic, with Italy overtaking it at 25.7 million passengers. China, India, and Ireland ranked second, third, and fourth, respectively.
