The production of air transport in Italy peaked at 12.01 billion euros in 2015, then followed a downward trend with significant drops such as the 45% decline in 2020 due to the COVID-19 pandemic. Despite a strong recovery of 68.94% in 2021, growth has been modest in recent years, with a slight decrease of 0.4% in 2023. From 2024 onward, forecasts indicate a continued decline with a 5-year CAGR of -0.32%, ending at 9.78 billion euros in 2028.
In 2023, the air transport production stood at 10.02 billion euros. The average annual growth rate over the last five years has been 0.98%, suggesting a slow recovery phase followed by modest declines as forecasted. Given these trends, stakeholders should be vigilant of:
- Technological advancements in aviation and alternative fuel sources
- Changing consumer travel patterns and preferences post-pandemic
- Regulatory and environmental policies impacting air transport
- Geo-political factors influencing the European air transport market
