The turnover of air transport in Italy peaked at 12.95 billion Euros in 2014, followed by a significant and continuous decline until 2018, with a particularly sharp drop in 2020 due to COVID-19. Recovery began in 2021, with a notable increase of 82.36%, continuing into 2023. The most recent data from 2023 shows a modest year-on-year growth of 14.62%, standing at 10.09 billion Euros. The CAGR over the last five years indicates a modest growth rate of 1.63%. Forecasts for 2024 and beyond suggest a stable, albeit slow, growth trajectory with a forecasted 5-year CAGR of 0.3% and overall growth continuing at an annual average of 1.52%.
Future trends to watch for:
- The impact of sustainable aviation initiatives and green policies on operational costs and turnover.
- Technological advancements in air transport and their potential to boost efficiency and revenue.
- Variability in global travel demand and its influence on Italy’s air transport sector.
- Economic factors such as fuel prices and their repercussions on operating expenses.
