In 2023, British Airways' passenger traffic in Australia stood at 175,000 persons, with a slight year-on-year decline of 1.05%. This metric has faced fluctuations over the past decade, primarily peaking in 2013 and reaching its lowest point in 2020 due to COVID-19. Over the last two years, the average annual growth rate (CAGR) has been -1.07%, indicating a marginal downward trend.
From 2024 to 2028, passenger traffic is projected to continue its gradual decline with an average annual growth rate of -0.89%, culminating in a 2028 forecasted value of 164.79 thousand persons. The overall 5-year growth rate is anticipated to be -4.38%.
Future trends to watch for:
- Potential recovery and stabilization post-COVID-19.
- Economic factors influencing global travel demand.
- British Airways' strategic adjustments in response to market conditions.
- Competition from other airlines and changes in travel patterns.
