Key Market Indicators
Slovak Airline Revenue is projected to reach approximately $177 million by 2028, up from around $140 million in 2023. This represents an annual compound growth rate (CAGR) of 3.2%. Impressively, since 2013, the Slovak market has surged by an average of 9.6% each year. In 2023, Slovakia ranked 28th in global airline revenue, with Slovenia surpassing it at the same revenue mark of $140 million. Germany, Ireland, and Russia secured the second, third, and fourth spots respectively in the rankings. Slovak air passenger traffic saw significant growth, nearing 8,900 passengers in 2021, a sharp increase from 2,670 passengers in 2020. This marks a staggering rise of 233.5% compared to the previous year. However, since 1998, Slovak demand has decreased by an average of 7.2% annually. In 2021, Slovakia ranked 140th in air passenger traffic, with Zambia just ahead at 8,900 passengers. China, India, and Ireland claimed the second, third, and fourth spots in this category.