Slovakia Air Passenger Transport Industry Outlook 2020

Key Market Indicators

Slovak demand for air travel has been declining since 1998, when it fell by 24.8% year-on-year. In 2020, Slovakia was 148th in the world rankings, with Jamaica coming in ahead at 2,670 Persons. The United States, India and Ireland respectively were 2nd, 3rd and 4th. Revenue from Slovak airlines is forecast to fall by an average of 27.8% year-on-year, from $40.28 million in 2021 to $7.52 million by 2026. From 2013 onwards, the Slovak market has declined by 4.6% year-on-year. In 2021, Costa Rica overtook Slovakia, which was 39th in the world ranking. Germany, the United Kingdom and Ireland respectively were 2nd, 3rd and 4th.

Slovakia Air Passenger Transport Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Airlines: Unraveling the Dynamics of a Highly Competitive Global Landscape

  The airline sector is primarily governed by key economic elements, both macro and micro in nature. Economies of scale, partnerships, mergers, and acquisitions largely define the competitive structure, while cyclical economic changes, particularly GDP growth rates, significantly influence demand. Regulatory environment, fuel prices, and labor costs are other pivotal elements,...

  Discover more insights

• Airlines Industry: Evaluating Passenger Types, Load Factors, and Market Forecast Perspectives

  In studying the structure of New Zealand's airline industry, passenger demographics stand as a critical variable. Business travelers, tourists, students, and emigrants are among the sector's main customers, each having distinct travel patterns and needs. Business passengers often demand fast turnarounds and high-quality services, while tourists are more sensitive to...

  Discover more insights

• Aviation Industry: Emergent Trends Transforming Full-Service Carriers

  Digitalisation is serving to transfigurate the full-service carrier (FSC) landscape. Many airlines now engage in Internet of Things (IoT) integration for more efficient operation and big data analytics for personalised customer experience. Responsive inflight entertainment, real-time luggage tracking and augmented reality are some examples of digital innovations that FSCs are...

  Discover more insights

• Passenger Airlines: Insights into Market Sizing, Revenue Analytics, and Sectoral Dynamics

  In terms of market size, the passenger airlines sector is an extensive and lucrative segment within the global transportation market. It has experienced continued growth over the years due to an increasing demand for air travel, fueled by factors such as globalization, economic development and rising prosperity among major world...

  Discover more insights

• Airline Traffic Monitoring: Comprehensive Insight on Historical & Contemporary Route Statistics

  Observation of historical route statistics within the aviation industry is inseparable from the larger concept of airline traffic monitoring. Such data provides a look-back at trends, showcasing fluctuation patterns to recognize periods of high and low demand. This analysis acts as a basis for predicting future markets and outlining potential...

  Discover more insights