The turnover of passenger air transport in Italy experienced notable fluctuations over the past decade. Between 2013 and 2020, turnover varied significantly, peaking in 2014, followed by a gradual decline until 2018. The sector hit a historic low in 2020, driven by the COVID-19 pandemic's impact. Recovery began in 2021, showing substantial year-on-year growth, with turnover reaching 11.35 billion euros in 2023 – an increase of 17.36% from 2022. The five-year CAGR leading up to 2023 was 5.12%, indicating a moderate recovery trajectory from pre-pandemic levels.
Looking ahead, forecasted data from 2024 to 2028 suggests a consistent growth trend, with the turnover expected to reach 12.39 billion euros by 2028. The five-year forecasted CAGR is projected at 1.4%, reflecting steady yet moderate growth. The forecasted total growth rate over this period is 7.2%.
Future trends to watch for include:
- The impact of evolving travel regulations and airline policies on passenger volume and turnover rates.
- Technological advancements and their influence on operational efficiencies and customer experience.
- Sustainability initiatives and their potential costs and benefits for the industry.
