Key Market Indicators
**Canadian Air Passenger Traffic Poised for Steady Growth, Reaching Nearly 120 Million by 2028** Air passenger traffic in Canada is projected to climb to approximately 120 million by 2028, up from around 103 million in 2023. This marks a compound annual growth rate (CAGR) of 2.5%. Historically, since 1975, Canadian demand for air travel has increased at an annual rate of 2.3%. In the global rankings for 2023, Canada secured the 11th position. South Korea slightly outpaced Canada, with identical traffic figures of around 103 million passengers. Leading the global air passenger traffic rankings were China, India, and Ireland, occupying the second, third, and fourth spots, respectively.
