Based on the provided data, Thai Airways International's passenger traffic in Australia experienced several fluctuations from 2013. This traffic measured in millions of persons stood at 1.0609 in 2023. The substantial drop in 2020, by -42.82%, was likely due to the COVID-19 pandemic. Post-2020, there was a strong recovery shown by a 73.08% increase in 2021. The period from 2021 to 2023 saw moderate growth with a 1.87% increase in 2023. The Compound Annual Growth Rate (CAGR) for the last 5 years (2018-2023) was approximately 2.03%. Forecasts project consistent growth, with the passenger traffic reaching about 1.1597 million persons by 2028 and a forecasted 5-year CAGR of 1.46%.
Future Trends to Watch For:
- Consistent annual growth in passenger traffic beyond 2024
- Potential impacts from economic fluctuations and geopolitical events
- Resilience and adaptation strategies by Thai Airways within the competitive airline industry
- Influence of global health and safety regulations on international travel trends
