The turnover of air transport in Austria exhibited a fluctuating trend between 2013 and 2023, standing at 3.78 billion euros in 2023. The data shows significant variations, including a notable decline in 2015 and a substantial drop in 2020 due to the pandemic. Nevertheless, the industry rebounded in the subsequent years, with 2022 and 2023 showing strong growth rates of 14.48% and 9.1% respectively. The Compound Annual Growth Rate (CAGR) over the last 5 years demonstrates an average annual increase of 3.13%.
Forecasted figures from 2024 to 2028 suggest a steady upward trend, with an expected CAGR of 1.02% and a 5-year growth rate of 5.23% by 2028. The turnover is anticipated to reach 4.03 billion euros, indicating a positive outlook for the sector.
Future trends to watch for include:
• The impact of technological advancements on operational efficiency
• Policy changes related to environmental regulations
• Fluctuations in global fuel prices
• The potential for increased regional and international travel demand
