The labor costs in the air transport sector in Germany were estimated to be 5.65 billion Euros in 2023. Forecasted figures from 2024 to 2028 show a steady annual increase, reaching 6.0 billion Euros by 2028. This represents a cumulative average growth rate (CAGR) of 1.5% over the five-year period. Year-on-year growth indicates a consistent, yet moderate, rise of approximately 1.2% to 1.3% each year.
Future trends to watch for include:
- The impact of technological advancements and automation, potentially affecting labor costs.
- The influence of economic conditions and regulatory changes on wage dynamics.
- Potential shifts in labor demand due to evolving passenger travel patterns and sustainability initiatives.