Key Market Indicators
Italian airline revenue is projected to hit approximately $2.2 billion by 2028, up from around $2.1 billion in 2023. This represents a modest annual growth rate of 1%. However, since 2013, the Italian market has experienced an average annual decline of 0.8%. In 2023, Italy ranked 13th globally, with Finland surpassing it at the same revenue level. Germany, Ireland, and Russia occupied the second, third, and fourth spots, respectively. The number of air passengers in Italy is expected to decrease to around 24.9 million by 2028, down from nearly 26.4 million in 2023. This translates to an average annual decline of 0.9%. Since 1975, the demand for air travel in Italy has dropped by an average of 0.6% per year. In 2023, Italy ranked 30th in terms of air passenger traffic, with Portugal overtaking it at the same level of passengers. China, India, and Ireland held the second, third, and fourth positions in this ranking, respectively.
