The employment in the Air Transport sector in Spain has shown a varied trend from 2013 to 2023. In 2023, employment stood at 33.51 thousand FTEs, with a year-on-year growth rate of 1.54%. This demonstrates a consistent upward trend since the slight dip in 2020, which saw a 3.74% decline likely due to the impact of the COVID-19 pandemic.
Over the last two years, the sector saw a 1.61% increase in 2022 and a 1.54% increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.7%, indicating a steady average annual growth. For the forecast period up to 2028, the sector is expected to grow at a 5-year CAGR of 1.05%, reaching a projected employment of 35.84 thousand FTEs in 2028.
Future trends to watch for:
- Technological advancements and automation in the air transport sector may impact employment numbers.
- Environmental regulations and sustainability initiatives could lead to structural changes in employment.
- The recovery and growth of international travel post-pandemic will continue to be a significant factor.
