Labour costs in air transport in Mexico have demonstrated a steady upward trajectory, with values rising from 9.12 billion Mexican Pesos in 2013 to 18.13 billion in 2023. This represents a near-doubling of costs over a decade. Year-on-year variation has fluctuated, peaking in 2014 with a 13.38% increase. However, the most recent variations over the last two years, 2022 and 2023, were 3.75% and 3.54% respectively. The compound annual growth rate (CAGR) over the last five years has decelerated to 3.47%. Forecasts for 2024 to 2028 predict a more moderated growth rate, with the 5-year CAGR expected at 2.35%, projecting labour costs to reach 21.05 billion Mexican Pesos by 2028.
Future trends to watch for include:
