The data reveals that the number of passengers for regional airlines in the US experienced minor year-on-year fluctuations between 2013 and 2023. As of 2023, the passenger volume stood at 156.09 million persons. Over the last two years, the growth rates have decelerated, with a year-on-year increase of just 0.75% in 2023. The 5-year CAGR (2018-2023) was 0.79%, indicating modest and steady growth during this period.
Looking forward, the forecasted data from 2024 to 2028 suggests a continued but slightly slower growth trend with an average annual increase of 0.55% (5-year CAGR) and a cumulative growth rate of 2.76%. Future trends to watch for include potential impacts of technological advancements in regional aviation, market consolidation, and fluctuations in fuel prices. These factors could significantly influence passenger volumes and the overall market dynamics.
