The air transport sector in Italy experienced significant fluctuations over the past decade. After peaking in 2014, turnover dropped sharply by 2016 and remained relatively flat until a dramatic decline in 2020 due to the impact of COVID-19. A robust rebound began in 2021, continuing through 2023 with a 14.62% increase, reaching a turnover of 10.09 billion euros. While the forecast for 2024-2028 indicates modest growth with a CAGR of 0.3%, the sector's recovery is evident.
Future trends to watch for include:
- Impact of sustainable aviation fuel initiatives.
- Adoption of technology advancements like AI and IoT in airline operations.
- Potential disruptions from geopolitical and economic factors.
- Competitive pressures from low-cost carriers and new market entrants.
