Between 2013 and 2019, the available seats of international airlines in Australia steadily increased from 40.434 to 50.57 million, with a CAGR ranging between 2.95% and 6.33%. The COVID-19 pandemic caused a sharp decline in 2020, reducing available seats to 20.745 million (-58.98% YoY). Recovery began in 2021 with a significant YoY increase of 92.08% and continued growth in 2022 and 2023, reaching 55.59 million seats in 2023.
The forecast from 2024 to 2028 shows a more stable growth trajectory, with a forecasted 5-year CAGR of 1.79% and an overall growth of 9.26% by 2028, resulting in 61.167 million seats available.
Future trends to watch for include the impact of global economic conditions, fluctuating oil prices, and geopolitical factors on international travel demand. Additionally, airlines' strategies on sustainability and the adoption of new technologies will be critical to monitor.
