The passenger air transport sector in Spain exhibited substantial growth from 2013 to 2019, with turnover increasing from 8.21 billion Euros in 2013 to 12.74 billion Euros in 2019. The sector saw a tremendous decline in 2020 due to the COVID-19 pandemic, dropping to 4.93 billion Euros (-61.31% year-on-year). A robust recovery ensued with 80.41% and 29.51% increases in 2021 and 2022 respectively, reaching 11.52 billion Euros in 2022. In 2023, the turnover stood at 13.42 billion Euros, showing a 16.56% year-on-year growth and a 2.65% CAGR over the past five years.

Future trends to watch for:

Continued recovery with a forecasted 5-year CAGR of 1.59%.
Estimated growth to 14.84 billion Euros by 2028.
Potential influence of technological advancements and environmental regulations on the sector.
Monitoring geopolitical and economic changes impacting travel patterns.