Key Market Indicators
Lithuanian Airline Revenue is projected to reach approximately $287 million by 2028, up from around $247 million in 2023, marking a compound annual growth rate (CAGR) of 2.3%. However, since 2015, the Lithuanian market has experienced a yearly decline of 1.8%. In 2023, Lithuania ranked 25th in airline revenue, with Estonia slightly ahead at $247 million. The top three spots were occupied by Germany, Ireland, and Russia, respectively. On the passenger traffic front, Lithuanian Air Passenger Traffic is expected to plummet to about 13,240 passengers by 2028, down from approximately 32,780 passengers in 2023. This indicates a sharp annual decline of 14.4%. Despite this drop, Lithuanian demand has seen an average annual increase of 4.7% since 1997. In 2023, Lithuania ranked 136th in air passenger traffic, with Samoa surpassing it with 32,780 passengers. The leading countries in this category were China, India, and Ireland, respectively.
