The gross income of the UK air transport sector is forecasted to remain stable at 19 million pounds sterling annually from 2024 to 2028. No year-on-year growth is anticipated, indicating a stagnant market trend compared to 2023. The compound annual growth rate (CAGR) over the next five years is expected to be 0%, suggesting long-term stability without growth.
Future trends to watch for include:
- Potential impacts of economic changes or regulatory adjustments on the industry's income.
- Technological advancements that could drive efficiency and cost savings, potentially altering the stagnant income pattern.
- Shifts in consumer behavior, possibly influenced by environmental concerns and alternative transport modes.