The UK air transport sector experienced stable growth from 2013 to 2019, with an average annual growth rate of around 2-4%. However, the COVID-19 pandemic caused a dramatic decline in 2020, reducing output by over 60%. The sector continued to struggle in 2021 but rebounded sharply in 2022 with a year-on-year increase of over 155%. In 2023, the sector saw a significant recovery, achieving a value of £28.24 billion, a 17.87% increase from the previous year. Forecasts for 2024 show continued growth, with an average annual growth rate of around 2.47% expected through to 2028, resulting in an increase in output to £33.0 billion.
Future trends to watch for include:
- Potential impacts of Brexit on the UK’s air transport market, including regulatory changes and shifts in trade routes.
- The ongoing recovery from the COVID-19 pandemic, including changes in passenger behavior and travel demand.
- Technological advancements in air transport, such as increased automation and sustainable aviation fuels.
- Environmental regulations and their influence on airline operations and fleet management.
