The Philippines Air Passenger Transport Industry Outlook 2022 - 2026

Key Market Indicators

Air passenger traffic in the Philippines is forecast to reach almost 25 million people by 2026, an increase of about 8 million from 2021. The average yearly growth rate from 2021 to 2026 is expected to be 0.9%. Since 1975, the demand for air travel in the country has decreased by 16.4%. In 2021, the Philippines was ranked 24th in the world, behind Hungary with 16.4 million passengers. The United States, India, and Ireland were ranked second, third and fourth respectively. Airline revenue in the Philippines is forecast to reach $1.4 billion by 2026, an increase of about $220 million from 2021. The average yearly growth rate from 2021 to 2026 is expected to be 1.4%. Since 2013, the market has grown by 0.7%. In 2021, Poland came ahead of the Philippines at $1.2 billion. Germany, the United Kingdom, and Ireland were ranked second, third and fourth respectively.

The Philippines Air Passenger Transport Market Data and Forecasts

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