The air transport turnover in Denmark experienced significant fluctuations from 2013 to 2023. The base stood at EUR 3.03 billion in 2013. There were declines in 2014 and 2016, with minor upticks in 2017 and 2018. A notable decline in 2019 was followed by a dramatic dip in 2020 due to the pandemic, shrinking to EUR 1.49 billion. The industry rebounded with strong growth in 2021 and 2022, and as of 2023, turnover reached EUR 2.95 billion, a 9.78% year-on-year increase, marking a recovery. Over the last five years, the Compound Annual Growth Rate (CAGR) is 0.42%.
Future projections from 2024 to 2028 suggest a steady growth trend, with the turnover reaching EUR 3.04 billion by 2028, and an average CAGR of 0.48% annually. The air transport sector appears to be stabilizing post-pandemic and is expected to witness modest, steady growth.
Future trends to watch for include:
- The impact of increasing sustainability measures and green technologies on operational costs and turnover.
- Changes in consumer behavior and demand in air travel due to ongoing global health concerns or economic fluctuations.
- Advancements in digital transformation and how they optimize operations and influence turnover.
- Geopolitical factors and regulatory changes within the European Union affecting the Danish air transport sector.
