Key Market Indicators
**Irish Airline Revenue to Soar to $12.7 Billion by 2028** DUBLIN – Revenue for the Irish airline industry is projected to climb to $12.7 billion by 2028, up from $10.3 billion in 2023. This represents an average annual growth rate of 3.3%. Since 2014, the market has experienced a consistent increase of 4.1% year on year. In 2023, Ireland ranked third globally in airline revenue. Germany led the rankings with a revenue of $10.3 billion, followed by Ireland, and Russia in fourth place. **Passenger Traffic Forecast to Hit 188 Million by 2028** The number of air passengers in Ireland is expected to reach 188 million by 2028, up from 175 million in 2023, marking a compound annual growth rate (CAGR) of 1.1%. Since 1975, the demand for air travel in Ireland has grown by 0.9% annually. In 2023, Ireland ranked fourth in terms of air passenger traffic. India surpassed Ireland with 175 million passengers. China, India, and Ireland held the second, third, and fourth positions, respectively, in global rankings.
