From 2014 to 2023, the turnover in the Passenger Air Transport sector in Belgium experienced significant fluctuations. After a dramatic increase in 2019 of 57.51% followed by a steep decline in 2020 of –63.27%, the sector gradually recovered, achieving a 19.68% increase in 2023, reaching 3.57 Billion Euros. The Compound Annual Growth Rate (CAGR) over the last five years is 8.44%, highlighting a robust recovery.

Future trends to watch for:

The projected CAGR for the next five years stands at 3.03%, indicating steady growth.
Monitoring global economic factors and potential future pandemics is crucial.
Technological advancements and sustainability initiatives in the aviation industry will likely influence sector dynamics.