The forecast for wages and salaries in the US air transport sector shows a steady increase from 2024 to 2028, with the value rising from $53.7 billion in 2024 to $58.3 billion in 2028. Comparatively, in 2023, the value was approximately $52.5 billion, indicating a consistent upward trend. Year-on-year, the sector is projected to grow at a rate of around 2.16% to 2.53% over the next five years, with a compound annual growth rate (CAGR) standing around 2.25%.
Future trends to watch include:
- Potential impact of technological advancements, such as AI and automation, on wages.
- Emerging policy changes regarding labor laws affecting the aviation industry.
- Global economic fluctuations that could affect air travel demand and, consequently, wage structures.