The passenger air transport sector in Germany showed consistent growth from 2013 to 2019, reaching 139.6 Billion Passenger Kilometers (BPK) in 2019. However, the industry was severely impacted by the COVID-19 pandemic, plummeting by 73.51% in 2020 to 36.98 BPK. The sector began recovering in 2021 with a 22.45% increase, and remarkably surged by 175.66% in 2022 to 124.83 BPK. By 2023, it continued its recovery, growing by 22.52% to stand at 152.94 BPK.
Looking ahead, the forecast data suggests moderate growth, with the sector expected to reach 184.95 BPK by 2028. The forecasted average yearly growth rate (CAGR) stands at 3.01%, indicating a stable recovery and expansion phase over the next five years.
Future trends to watch for include:
- Technological advancements in air travel efficiencies and sustainability
- Potential new market entrants or expansions from low-cost carriers
- Regulatory changes impacting airline operations and emissions
- Shifts in consumer travel patterns and preferences post-pandemic
- Impacts of macroeconomic conditions on travel demand
