The turnover of passenger air transport in Spain demonstrates a fluctuating yet overall increasing trend between 2013 to 2023, marked by a significant drop in 2020. In 2023, the turnover stood at 13.42 billion euros, reflecting a 16.56% year-on-year increase and an average annual growth rate (CAGR) of 2.65% over the five years.

Looking ahead, from 2024 to 2028, the industry is forecasted to continue growing, albeit at a slower pace with an expected 5-year CAGR of 1.59% and overall growth rate of 8.21% by 2028.

Future Trends to Watch For:

Impact of sustainability and eco-friendly initiatives on passenger behavior and airline operations.
The influence of geopolitical and economic factors on tourism and air travel demand.
Technological advancements and their role in improving operational efficiency and enhancing passenger experience.