From 2013 to 2023, air transport output in Mexico demonstrated fluctuating growth, reaching 275.62 billion MXN in 2023. Notable high-growth periods include 2016 to 2019, with CAGR peaking at 18.13%. The COVID-19 pandemic drastically impacted 2020, leading to a 58.87% decline. However, a strong rebound in 2021 and 2022 showcased resilience, particularly with a 52.15% surge in 2022.
From 2024 onwards, the forecasted data suggests steady growth, with a five-year CAGR of 4.19%. By 2028, the air transport output is expected to reach 359.33 billion MXN.
Future trends to watch for:
- Sustainability initiatives and green technology advancements.
- Potential impact of economic factors and geopolitical developments.
- Innovations in air transport services and infrastructure enhancements.
