The Spanish air transport sector showed a significant recovery trend post-2020, with a remarkable increase in 2022 (72.89% YoY) and a solid growth into 2023 (16.11% YoY). The forecasted Compound Annual Growth Rate (CAGR) from 2023 to 2028 is projected at 1.72%, indicating a steady growth in the sector. This suggests a resilient market, overcoming the drastic downturn in 2020 with a -59.06% YoY change. The rebound in 2021 and subsequent growth underline the sector’s recovery and potential for sustainable expansion.
Future trends to monitor include technological advancements in air travel, evolving consumer preferences post-pandemic, and regulatory changes impacting sustainability practices. These factors will play a crucial role in shaping the air transport output in Spain.
