The outbound aircraft movements of international airlines in Australia exhibited significant variability from 2013 to 2023. In 2023, the value stood at 110.61 thousand, evidencing a post-pandemic recovery with a 1.93% year-on-year increase. Over the last five years, the compound annual growth rate (CAGR) averaged 2.1%. Notably, the industry faced a sharp decline in 2020 due to the pandemic, but rebounded strongly in 2021 with 73.2% growth.
From 2024 onwards, forecast data predicts a continuous upward trend with a forecasted CAGR of 1.5% over the next five years, achieving a growth rate of 7.74% by 2028.
Future trends to watch for:
- Impact of global economic fluctuations on air travel demand.
- Evolving regulatory policies and their influence on international flights.
- Technological advancements improving operational efficiency and capacity.
- Sustainable aviation fuel adoption and greener practices.
