Air New Zealand's passenger traffic in Australia has shown a general upward trend from 2.3973 million passengers in 2013 to 3.1415 million in 2023. The year-on-year growth rates reveal fluctuations, with a significant drop of -42.4% in 2020 due to the pandemic, followed by an 87.11% rebound in 2021. The 2023 value represents a 2.49% year-on-year increase. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.74%. Future projections suggest continued growth, with a forecasted CAGR of 1.87% from 2024 to 2028, leading to a 9.72% increase over that period.
Future trends to watch for:
- Impact of global economic conditions on travel demand
- Changes in airline policies and fare structures
- Potential new routes and partnerships
- Technological advancements in aviation
