Key Market Indicators
Italian airline revenue is projected to reach approximately $2.2 billion by 2028, up from around $2.1 billion in 2023. This marks an average annual growth rate of 1%. However, since 2013, the Italian market has seen an average annual decline of 0.8%. In 2023, Italy ranked 13th globally, with Finland slightly ahead at $2.1 billion. Germany, Ireland, and Russia occupied the second, third, and fourth spots, respectively. Meanwhile, Italian air passenger traffic is expected to decrease to about 24.9 million passengers by 2028, down from 26.4 million in 2023. This represents an average annual decline of 0.9%. The country's demand for air travel has been shrinking by an average of 0.6% per year since 1975. In 2023, Italy was ranked 30th, with Portugal surpassing it at 26.4 million passengers. China, India, and Ireland held the second, third, and fourth positions, respectively, in this category.
