The outbound aircraft movements of domestic airlines in Australia demonstrated a significant dip in 2020 with a year-on-year decline of 43.57% due to the COVID-19 pandemic. However, the sector showed resilience and recovered with a 70.92% increase in 2021 and continued a positive trend with a 6.04% increase in 2022. Forecasts from 2023 to 2028 indicate moderate but steady growth with a forecast 5-year CAGR of 0.59% and an overall forecasted 5-year growth rate of 2.97%.
Future Trends to Watch: The industry should focus on advancements in sustainable aviation technologies, fluctuations due to potential pandemics, and policies impacting travel demand.
