The passenger air transport market in Finland exhibited steady growth from 2013 to 2019, peaking at 7.37 billion passenger kilometers in 2019. The COVID-19 pandemic caused a significant decline in 2020 and 2021, with drops of -74.21% and -26.97%, respectively. Recovery began sharply in 2022 with an increase of 364.65%, reaching 6.45 billion passenger kilometers, and continued in 2023 with a 20.58% rise, bringing it to 7.78 billion passenger kilometers. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.96%.
Forecasts from 2024 to 2028 suggest a continued upward trend. The market is expected to grow at a CAGR of 1.89%, reaching 8.77 billion passenger kilometers by 2028, indicating a total growth of 9.83% over these five years.
Future trends to watch for:
- Passenger demand recovery post-COVID-19
- Technological advancements in aircraft efficiency
- Increasing competition from international carriers
- Sustainability initiatives and regulatory changes
