The forecast for wages and salaries in the air transport sector in Canada indicates a gradual annual increase. The figures suggest a consistent YOY growth, starting from 6.0 billion CAD in 2024 to 6.58 billion CAD by 2028. Compared to 2023 figures, this represents a positive growth trajectory. The compound annual growth rate (CAGR) over the five-year forecast period is moderate, demonstrating stable expansion in compensation within the sector.
Future Trends to Watch for:
- Potential impacts of global economic conditions on air travel demand.
- Technological advancements influencing workforce efficiency and pay scales.
- Regulatory changes affecting operational costs and wage adjustments.
