Key Market Indicators
Filipina air passenger traffic is on track to reach 66 million by the year 2028, according to projections. This marks a significant rise from the 53 million passengers recorded in 2023. The sector is expected to grow at an average annual rate of 3.6%. Since 1975, demand for air travel in the Philippines has shown a robust annual growth rate of 4.2%. In the global rankings for 2023, the Philippines held the 21st position. Saudi Arabia narrowly surpassed the Philippines with an identical figure of 53 million passengers. Leading the rankings, China, India, and Ireland occupied the second, third, and fourth spots, respectively, showcasing the competitive landscape of global air passenger traffic.
