The turnover in Spain's air transport industry experienced significant fluctuations from 2013 to 2023, standing at 579.7 million euros in 2023. This period was marked by a major decline in 2018 and a significant downturn in 2020 due to the COVID-19 pandemic. Recovery began in 2021 with a substantial increase, continuing with moderate growth into 2022 and 2023.
Year-on-year variations highlight:
- 2022-2023: 8.93%
- 2021-2022: 14.85%
The 5-year CAGR leading up to 2023 was notably high at 12.33%, reflecting strong recovery post-pandemic. The forecasted period from 2024 to 2028 posits a more stable growth with a 5-year CAGR of 0.4%, indicating a potential return to steady, albeit modest, expansion.
Future trends to watch for include the impact of technological advancements and sustainability efforts, shifts in travel behaviors, and potential regulatory changes that could affect the air transport industry’s turnover in Spain.
