Key Market Indicators
Azerbaijan's air passenger traffic is projected to climb to nearly 3.5 million by 2028, up from about 2.8 million in 2023. This represents an average annual growth rate of 3.2%. Since 1997, the country has experienced a steady increase in demand for air travel, with an average annual growth rate of 4.6%. In 2023, Azerbaijan ranked 68th globally in terms of air passenger traffic. Lebanon narrowly surpassed Azerbaijan with a similar number of passengers, approximately 2.8 million. Meanwhile, China, India, and Ireland secured the second, third, and fourth positions, respectively, in the global rankings for air passenger traffic.
