The employment in the Air Transport sector in Canada has shown significant variation over the past decade, fluctuating from 67.01 thousand units in 2013 to 44.32 thousand units in 2023. Between 2013 and 2019, there was a steady growth, peaking at 82.06 thousand units in 2019. However, the sector faced drastic declines in 2020 and 2021 due to the COVID-19 pandemic, dropping to 23.16 thousand units in 2020 and further to 19.7 thousand units in 2021. Post-pandemic, the sector started to recover, reaching 44.14 thousand units in 2022 and showing a slight increase to 44.32 thousand units in 2023.
The year-on-year variations for the last two years indicate a rebound from the pandemic with an increase of 123.98% in 2022 and a negligible rise of 0.42% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is at -10.97%, reflecting the strong negative impact of the pandemic. Looking towards future forecasts, the sector is expected to stabilize with a growth rate of 0.79% over the next five years and a forecasted CAGR of 0.16% up to 2028.
Future trends to watch for include the recovery dynamics post-pandemic and the potential impact of technological advancements and automation in the sector, which may influence employment numbers. Additionally, the sector’s adaptation to environmental regulations and sustainable practices could also play a critical role in shaping employment trends.
