In 2023, the number of registered air carrier departures in Canada stood at a certain baseline. The forecast from 2024 to 2028 shows a slight but consistent decline in registered air carrier departures, decreasing from 1.2722 million in 2024 to 1.223 million in 2028. This indicates a year-on-year decline, with values dropping by approximately 1% each year. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 suggests an average annual decrease in departures.
Future trends to watch for include:
- Adoption of sustainable aviation practices and its impact on departure numbers.
- Technological advancements leading to potential efficiency gains and their influence on the industry.
- Changes in travel demand due to economic or geopolitical factors.
- Impact of emerging markets or new airline entrants reshaping the Canadian aviation market.