Key Market Indicators
Hungarian Airlines are projected to see their revenue soar to $5.3 billion by 2028, up from $3.6 billion in 2023, marking an average annual growth rate of 6.1%. The country's airline market has demonstrated a consistent upward trend, growing at an average rate of 6.3% per year since 2013. In 2023, Hungary ranked ninth globally in this sector, with Portugal narrowly leading at the same revenue level of $3.6 billion. Germany, Ireland, and Russia occupied the second, third, and fourth spots, respectively. Passenger traffic for Hungarian airlines is also on a robust growth trajectory. The number of air passengers is expected to reach 73.6 million by 2028, up from 49.7 million in 2023, translating to an average annual growth rate of 6.2%. Since 1975, the demand for air travel in Hungary has surged by an impressive 9.7% annually. In terms of passenger traffic, Hungary was ranked 23rd in 2023, with the Netherlands slightly ahead at 49.7 million passengers. China, India, and Ireland took the second, third, and fourth positions in this ranking, respectively.