The turnover in the passenger air transport sector in Italy has shown significant fluctuations over the past decade. Starting from 2013's high of €11.05 billion, there was a peak in 2014 with a year-on-year increase of 12.99%, reaching €12.49 billion. The sector faced a sharp decline from 2015 to 2018, bottoming out at €8.84 billion in 2018. Renewed growth began in 2019, but the pandemic led to a steep drop in 2020, hitting €3.28 billion. Recovery commenced in 2021, with a substantial 123.63% increase, continuing up to 2023 where the value stands at €11.35 billion. The forecast from 2024 onwards suggests a steady growth with an average annual increase (CAGR) of 1.4% by 2028, culminating in a value of €12.39 billion.
Future trends to watch for:
- Potential impacts of new airline regulations and environmental policies on operating costs and pricing.
- Technological advancements and their implementation in the sector, such as digitalization and sustainable aviation fuels.
- Changes in consumer travel behavior post-pandemic and increased competition from alternative transport modes.
- Fluctuations in international travel demand due to geopolitical factors and economic conditions.
