Over the past decade, the wages and salaries in the air transport sector in Austria demonstrated considerable variability. From a notable dip in 2013, the sector saw a steady and modest increase until 2017, highlighted by a significant jump of over 15% in 2018. However, this growth was marred by a slight decrease in 2019, followed by a sharper decline in 2020 likely due to the pandemic's impact, resulting in an 8.21% decrease. Post-2020, recovery appeared sluggish, as evidenced by minor positive and negative fluctuations, with 2023 values at €449.3 million, showing a 0.18% decrease from the previous year.
The future trend indicates a stabilizing but slightly declining trajectory with a forecasted annual decline (CAGR) of 0.07% over the next five years, suggesting minimal contraction in wage and salary growth through 2028.
Trends to watch for:
- The impact of ongoing economic recovery post-COVID-19 on the air transport sector.
- Technological advancements and their effects on labor costs in air transport.
- Regulatory changes and their implications for wage structures in the sector.
