Global Air Passenger Transport Trends in 2024
Air Passenger Transport is part of Air Transport and includes a number of sub-sectors such as Low Cost Carrier, Airline Service and Air Taxi. You may also be interested in Airport and Air Freight.
Global airline revenue is projected to fall to approximately $86 billion by 2028, down from $123 billion in 2023. This decline marks an average annual decrease of 1.1%. In contrast, the global market had been experiencing an annual growth rate of 1.2% since 2019. In 2023, the United States led the global airline revenue rankings with $42 billion. Germany, Ireland, and Russia followed in the second, third, and fourth positions, respectively. Notably, Austria saw a significant rise of 18.4% year-on-year. However, the Czech Republic experienced a decline of 3.6% annually since 2019. Meanwhile, global air passenger traffic is anticipated to reach roughly 5.8 billion by 2028, up from 4.9 billion in 2023. This growth represents a compound annual growth rate (CAGR) of 2.9%. Historically, global demand for air travel has surged by 2.5% year-on-year since 1975. The United States also topped the global air passenger traffic rankings in 2023 with nearly 951 million passengers. China, India, and Ireland secured the second, third, and fourth positions, respectively. Syria experienced an extraordinary year-on-year increase of 131.4%, while Malawi saw a significant decrease of 43.2% annually since 1975.
Top 10 countries
In 2024 major markets in the Air Passenger Transport Industry were:
World Air Passenger Transport Market Data and Forecasts
How much the Air Passenger Transport industry is expected to grow to 2028?
More in Air Passenger Transport Industry for 2028World Air Passenger Transport Top Rankings
More in Air Passenger Transport MarketGlobal Air Passenger Transport Statistics
- Air Passenger Traffic 193 countries (Oceania, Australia, Australasia...)
- Number Of Enterprises 66 countries (Europe, Northern Europe, Southern Europe...)
- Air Accident Victims 28 countries (Europe, European Union, Eastern Europe...)
- Airline Revenue 69 countries (Europe, Northern Europe, Eastern Europe...)
- Employment Rate 233 countries (Europe, Northern Europe, Eastern Europe...)
- Number Of High Growth Enterprises 48 countries (Europe, Eastern Europe, Northern Europe...)
- Tourism Receipt 221 countries (Europe, Northern Europe, Southern Europe...)
- Passenger Traffic 88 countries (Europe, Australasia, Oceania...)
- Employment Income 87 countries (Europe, Southern Europe, Northern Europe...)
- Enterprise Survival Rate 48 countries (Europe, Northern Europe, Eastern Europe...)