Air transportation business
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What is the air transportation business?
Air transportation, an essential industry for the global economy
Air transportation promotes jobs and consumption created by airlines, partners, and related industries.
Air transport provides a driving force for economic growth through the flows of trade, tourism and investment triggered by airline users.
Air transportation maximizes its contribution to consumers and the overall economy by connecting cities around the world.
Global aviation market outlook
|
2023 |
2024 |
2025 |
| passenger charter flight |
10,137,500 |
10,726,400 |
10,825,000 |
| cargo charter |
1,862,500 |
1,887,500 |
1,925,000 |
| private charter |
362,250 |
375,000 |
400,000 |
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1. Passenger charter market outlook
The global airline market is expected to recover to approximately 96% of pre-COVID-19 levels in 2023, with a market size of approximately USD 808 billion.
The expected market size is expected to gradually expand to $1.09 trillion in 2028, recording a CAGR of 8.9% from 2021 to 2028.
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2. Cargo charter market outlook
The cargo charter market has been exceptionally strong for two years as of 2023, but the air cargo market size is expected to decrease to approximately $150 billion due to a decrease in global trade due to the war in Ukraine.
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3. Private charter market outlook
In 2021, the private jet market size has recovered to $23.6 billion and is increasing, and is expected to reach $36.94 billion by 2028, a CAGR of 5.22%.
