Key Market Indicators
Indonesian air passenger traffic is projected to hit approximately 106 million by 2028, according to recent forecasts. This marks a growth rate of around 1.7% annually from the current figure of nearly 96 million in 2023. Historically, since 1975, the demand for air travel in Indonesia has experienced a yearly decline of 3.6%. Despite these fluctuations, Indonesia maintained the 13th position globally in 2023. In a notable shift, Spain surpassed Indonesia with nearly 96 million air passengers. Topping the chart, China, India, and Ireland occupied the second, third, and fourth spots respectively in this global ranking.
