Watch Demo

Estonia Civil Aviation Industry Outlook 2024 - 2028

See how Estonia Civil Aviation performed compared to key markets such as the United States, Germany and Ireland.

Key Market Indicators

**Estonian Airline Revenue Projected to Reach $392 Million by 2028** **Tallinn, Estonia** — The revenue of Estonian Airlines is projected to climb to approximately $392 million by 2028, a significant increase from the $331 million forecasted for 2023. This marks an average annual growth rate of 2.3%. Since 2013, the Estonian airline market has experienced a robust annual growth rate of 10.2%. However, in the 2023 rankings, Estonia was placed 24th, having been overtaken by Bulgaria, which also projected revenues of $331 million. Germany, Ireland, and Russia claimed the second, third, and fourth positions, respectively. **Dramatic Decline in Air Passenger Traffic** In stark contrast to revenue growth, Estonian air passenger traffic saw a dramatic decline. In 2019, the number of passengers dropped to just 857 from 62,800 in 2018, a staggering 98.6% decrease. Since 1997, the demand for air travel in Estonia has seen a year-on-year decline of 73.1%.

Marketing Banner

Estonia Civil Aviation Market Data and Forecasts