Forecast: Number of Air Passengers Carried in Indonesia

The number of air passengers carried in Indonesia has shown significant volatility over the past decade, peaking at 115.15 million in 2018 before plummeting to 33.55 million in 2021 due to the COVID-19 pandemic. By 2023, the number had recovered to 95.8 million, representing a YoY increase of 15.97%. This resurgence highlights a strong recovery trend. However, when looking at the CAGR, the average annual growth rate was -3.61% over the past five years.

The forecast indicates a moderate growth trend with the number of air passengers expected to reach 106.28 million by 2028. The forecasted 5-year CAGR stands at 1.65%, suggesting a steady albeit slow recovery towards pre-pandemic levels.

Future trends to watch for include:

  • Impact of infrastructure improvements on passenger volume.
  • Changes in airline capacity and fuel prices affecting ticket prices.
  • Government policies regarding COVID-19 and international travel.
  • Shifts in consumer behavior towards sustainable travel options.

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