Key Market Indicators
Korean Air passenger traffic is expected to reach 52 million travelers by 2026, down 0.7% from the 2021 figure of 37 million. Since 1975, demand has decreased by 13.8%. In 2021, Indonesia overtook Korea in the rankings, with 36.6 million passengers. The US, India and Ireland were the 2nd, 3rd and 4th most popular countries, respectively. Airlines in Korea are expected to generate $3.2 billion in revenue by 2026, a 1.5% year on year decrease. Since 2013, the market has contracted by 4.1%. France topped the 2021 rankings at $3.2 billion, followed by Germany, the UK and Ireland.
South Korea Civil Aviation Market Data and Forecasts
How much will South Korea Civil Aviation Market grow to 2026?
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