The air transport sector in Spain has experienced significant fluctuations over the past decade. From 2013 to 2019, there was a steady rise in turnover, culminating in a peak of 12.98 billion euros in 2019. However, the COVID-19 pandemic led to a drastic 60.05% drop in turnover in 2020. The sector showed resilience with an impressive 78.24% recovery in 2021, followed by a consistent upward trend through to 2023, where the value stood at 13.83 billion euros. The forecasted data from 2024 to 2028 suggests a modest but steady growth with a CAGR of 1.61%.
Future trends to watch for:
- Potential recovery and stabilization post-pandemic.
- Impact of sustainable aviation policies and innovations.
- Effect of geopolitical tensions on air travel demand.
