Key Market Indicators
Belgian Airline Revenue is projected to decline over the next five years. By 2028, the revenue is expected to reach approximately $1.24 billion, down from $1.27 billion in 2023. This reflects an average annual decrease of 0.4%. Since 2013, the Belgian market has seen a modest annual increase of 1.5%. In the global ranking for 2023, Belgium holds the 17th position, with Colombia surpassing it at the same revenue level of $1.27 billion. The top spots in the ranking are occupied by Germany, Ireland, and Russia, holding the second, third, and fourth positions respectively. In contrast, Belgian Air Passenger Traffic is on an upward trajectory. By 2028, the number of air passengers is expected to reach nearly 16 million, up from around 14.8 million in 2023. This represents an average annual growth rate of 1.2%. Historical data since 1975 shows a consistent annual increase of 1.6% in Belgian air passenger demand. As of 2023, Belgium ranks 40th in this category, with Finland overtaking it at the same level of 14.8 million passengers. Leading the ranking are China, India, and Ireland, occupying the second, third, and fourth positions respectively.
