The number of registered air carrier departures in Singapore showed diverse trends between 2013 and 2023. The data reveals an initial steady growth from 2013 to 2019, peaking at 215.01 thousand departures, followed by a drastic drop in 2020 and 2021 due to the COVID-19 pandemic, plummeting as low as 56.48 thousand departures in 2021. Recovery was significant in 2022 with a 240.32% year-on-year growth, reaching 192.22 thousand departures. By 2023, the figure stood at 231.23 thousand departures, marking a 20.29% year-on-year increase with a 2.06% CAGR over the last five years.
Forecast data indicates continued growth, with the number of departures expected to increase to 268.39 thousand by 2028. This projection translates to a 2.36% CAGR from 2024 to 2028, amounting to a 12.39% growth rate over five years.
Future trends to watch for include potential influences of new air travel regulations, technological advancements in air carrier operations, and global economic conditions impacting air travel demand. Monitoring these factors is crucial for anticipating deviations from the projected growth trajectory.
