The historical data on wages and salaries of air transport in Italy from 2013 to 2023 reveals fluctuations. From 2013 to 2014, there was a significant decline followed by a mixed trend with gradual recovery until 2019. The pandemic in 2020 caused a sharp decline, followed by a recovery phase from 2021 to 2023, with the value standing at €856.1 million in 2023. The fluctuations over recent years highlight an overall negative trend, with a CAGR of -1.17% from 2019 to 2023.
Future trends to watch for include:
- The forecast for 2024 to 2028 indicates a stable but slightly declining trend, with an expected 5-year CAGR of -0.32%.
- Monitoring potential impacts of economic recovery post-pandemic, changes in air travel demand, and labor market adjustments will be crucial.
