The outbound air passenger volume in Australia showed steady growth from 2013 to 2019, with a notable dip in 2020 due to external factors, followed by a swift recovery in 2021 and continued growth through to 2028. The year-on-year variation reflects these trends with a dramatic decrease in 2020 (-59.15%), a significant rebound in 2021 (91.32%), and stabilization in subsequent years. The CAGR over the last five years indicates a gradual recovery and stabilization in the sector, with a forecasted 5-year CAGR of 1.53% from 2024 to 2028, suggesting modest growth.
Future trends to watch include the impact of global economic conditions, technological advancements in air travel, and changes in consumer travel preferences, which could influence the growth rate of outbound air passengers from Australia.
