The number of employees in Spain's passenger air transport sector was 31.31 thousand in 2023, having experienced a subtle year-on-year shrinkage of 0.29% over the past two years. The recent CAGR of -0.14% signifies a slight downward trend over the last five years.
Annual growth was inconsistent, with notable fluctuations. While 2020 had a steep drop of 5.08%, years like 2018 and 2019 saw significant rises of 9.48% and 5.49%, respectively.
Looking forward, the forecast period (2024 to 2028) indicates a subtle decrease in employee numbers, with a forecasted 5-year CAGR of -0.22% and an overall forecasted contraction rate of -1.11%.
Future trends to watch for include technological advancements and automation, potential market consolidation, and shifting passenger demand patterns that might impact employment figures in the sector.