The forecasted growth of wages and salaries in the UK air transport sector shows a steady increase from 2024 to 2028, starting at 3.7 billion pounds. Expect value increments of approximately 1.9% annually, reaching 3.98 billion pounds by 2028. This illustrates a compound annual growth rate (CAGR) of approximately 1.9% over the period.
Trends to watch for:
- Impact of technological advancements reducing manpower needs.
- Potential economic fluctuations post-2023 influencing wage structures.
- Evolving regulatory and environmental policies affecting operational costs and salaries.