An analysis of the turnover in passenger air transport in Germany reveals significant variability over the 2014-2023 period, marked by sharp fluctuations. The turnover peaked in 2016 at 306.6 million euros but saw a dramatic decline in 2017 and 2018. The pandemic years, 2020 and 2021, further accentuated this instability, with a record low of 84.84 million euros in 2020. By 2023, turnover had stabilized at 222.6 million euros, marking a modest 1.6% year-on-year increase from 2022.
Recent year-on-year variations show recovery post-pandemic, with a 35.5% increase in 2022 and a milder 1.6% in 2023. The 5-year Compound Annual Growth Rate (CAGR) leading up to 2023 stands at 15.91%, indicating a robust recovery phase.
Looking ahead to the forecasted years (2024-2028), the projected turnover growth is conservative, with a 5-year CAGR of 1.29% and an overall growth rate of 6.64%. This suggests a period of stabilization and modest growth.
Future trends to watch include the ongoing recovery from the pandemic, potential impacts of economic fluctuations, and shifts in consumer travel behavior. Innovations in sustainable aviation and policy changes around carbon footprint may significantly influence long-term turnover trends.