The output of air transport in the UK stood at £29.39 billion in 2023. The sector experienced steady growth from 2013 to 2019, followed by a significant decline in 2020 due to the COVID-19 pandemic. This dip was followed by a robust recovery in 2021, with value levels nearing pre-pandemic numbers by 2022. The period from 2018 to 2023 saw an average annual growth rate (CAGR) of 2.31%. Forecasts predict continued steady growth, with the output expected to reach £32.82 billion by 2028, corresponding to a five-year CAGR of 1.8%.

Future trends to watch for:

The impact of sustainability initiatives and regulations on the air transport sector.
Technological advancements in aviation improving efficiency and reducing costs.
The potential impact of geopolitical events on international air travel demand.
Changes in consumer behavior and preferences post-pandemic affecting travel patterns.