The output of air transport in Germany, expressed in billion euros, showed moderate volatility from 2013 to 2019, with slight year-on-year decreases from 2016 to 2019. A sharp decline of over 40% in 2020 was significantly influenced by the COVID-19 pandemic. The sector rebounded with strong recovery rates in 2021 and 2022, and as of 2023, stood at 26.33 billion euros, close to pre-pandemic levels. The compound annual growth rate (CAGR) over the last five years was 0.38%.
Future trends to watch for include:
-Gradual recovery and stabilization of air transport output, forecasted to show moderate year-on-year increases up to 2028.
-Potential impacts of regulatory changes and sustainability initiatives within the airline industry.
-Technological advancements and their influence on operational efficiencies and customer experience.
-Shifts in global and local economic conditions potentially affecting travel demand and airline revenues.
