The turnover in the French air transport sector experienced fluctuations between 2013 and 2023. The sector saw losses and gains, notably a severe 52.74% drop in 2020 due to the COVID-19 pandemic. However, a strong recovery followed with a 58.87% increase in 2021 and a 23.26% rise in 2022. By 2023, the turnover stood at 23.0 billion Euros, marking a 13.38% year-on-year growth. The 5-year CAGR from 2019 to 2023 is approximated at 1.86%, indicating a gradual recovery.
Future trends to watch for:
- Continued steady growth projected up to 2028, with a forecasted 5-year CAGR of 1.05%
- Potential impact of technological advancement and sustainability initiatives.
- Possible fluctuations due to geopolitical factors and global economic conditions.
- Consumer demand shifts and industry regulatory changes.