The United Kingdom maintains its lead with a turnover of €32.24 billion, followed by Germany (€21.47 billion) and France (€20.91 billion) in the European passenger air transport market for 2024. Significant year-on-year growth has been observed in countries like Belgium (+8.49%) and Hungary (+8.37%). Conversely, Iceland experienced a stark decline with a -21.47% variation, and Cyprus also saw a considerable drop of -15.44%. Over the last five years, several markets such as Italy and Greece have shown robust growth. However, Sweden and Iceland have faced consistent declines.
Future trends to watch include the potential recovery in markets currently experiencing downturns, the impact of environmental regulations on air transport, and evolving consumer preferences towards sustainable travel options. Additionally, technological advancements and economic conditions will likely play crucial roles in shaping the European air transport turnover dynamics.
Top countries in Turnover of Passenger Air Transport by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 32,240 | 2023 | +0.96% | +0.72% | View data |
| 2 | 2 Germany | 21,470 | 2023 | +14.83% | +2.63% | View data |
| 3 | 3 France | 20,910 | 2023 | +13.58% | +0.4% | View data |
| 4 | 4 Spain | 13,390 | 2023 | +16.56% | +2.65% | View data |
| 5 | 5 Italy | 11,350 | 2023 | +17.36% | +5.12% | View data |
| 6 | 6 Norway | 5,310 | 2023 | +16.84% | +2.72% | View data |
| 7 | 7 Hungary | 3,910 | 2023 | +23.79% | +8.37% | View data |
| 8 | 8 Belgium | 3,570 | 2023 | +19.69% | +8.49% | View data |
| 9 | 9 Finland | 3,310 | 2023 | +0.54% | +0.19% | View data |
| 10 | 10 Sweden | 2,280 | 2023 | +6.82% | -2.49% | View data |
