Between 2013 and 2019, international airline flights in Australia showed a consistent upward trend, with moderate year-on-year variations reflecting steady growth. The value stood at 202.61 thousands in 2019. However, 2020 saw a drastic decline of -58.95% due to the COVID-19 pandemic, reducing the value to 83.17 thousands. The sector rebounded in 2021 with a significant increase of 92.21%, and continued to recover in 2022 with a growth of 36.53%, reaching a value of 218.27 thousands. In 2023, the market stood at 223.29 thousands, showing a year-on-year increase of 2.3%. The CAGR over the last 5 years remains positive at 2.52%, indicating overall recovery despite the pandemic's impact.
Future trends to watch for include:
● Forecasts from 2024 to 2028 predict a stable annual growth rate of 1.83%, with expected values reaching up to 246.35 thousands by 2028.
● A continued rebound in international travel demand post-COVID-19 and potential impacts of geopolitical and economic factors on international travel.
