The wages and salaries in the air transport sector in Spain showed significant fluctuation between 2013 and 2023. Initially, the sector experienced a declining trend from 2013 to 2015, followed by a partial recovery with notable year-on-year variations. Noteworthy decreases occurred in 2020 due to the pandemic, with a sharp decline of 33.76%, followed by gradual recovery phases. In 2023, the sector stood at 1.37 billion Euros, illustrating a 6.47% increase from 2022. The past five years witnessed an average negative growth with a CAGR of -1.34%.
Future forecasts indicate a gradual decline in the air transport wages and salaries from 2024 to 2028, with the projected salaries in 2028 expected to be around 1.32 billion Euros. The sector is expected to decline at an average annual rate of -0.49% over the next five years, with an overall forecasted growth rate of -2.43% for the period.
Future trends to watch for:
- Technological advancements and their impact on workforce efficiency and job roles.
- Economic recovery post-pandemic and changes in air travel demand.
- Regulatory changes and their implications on labor costs.
- Global economic instability and its influence on air transport wages.
