Airline passenger numbers will continue to recover throughout the forecast period, with the anticipation that they will exceed their pre-pandemic level by 2026. Growth will be boosted by an expected decline in fuel prices, which will make the cost of air travel more accessible.
While China Airlines and Eva Airways are expected to continue to dominate the competitive landscape in the short-term, Starlux is expected to grow in prominence over the forecast period. The carrier, which positions itself as a boutique airline targeting high-end travellers, began service in January 2020, just before the pandemic outbreak, but still managed to survive the subsequent two-and-a-half years of border closure.
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Airlines covers sales made to country residents (outbound and domestic tourists) and excludes sales to incoming tourists. Please note that airlines sales made to country residents when they are travelling abroad or through foreign websites or apps are also included and will be considered under the country of residence. The total amount paid for a flight after taxes and other charges is included. The return flight leg is included as well as the total amount paid for a flight ticket. Value sales exclude all forms of transit. Euromonitor International considers airline capacity and passengers carried in terms of enplanement based on scheduled flights. A passenger whose flight stops mid-route to pick up more passengers but continues with the same aircraft/flight number would be counted as one enplanement. A passenger who switches flights to another airline or aircraft with a new flight number mid-journey would be considered as two enplanements. Enplanements are not the same as number of seats sold or seat bookings, as the latter both include all bookings and do not exclude no-shows and cancellations. Direct transit passengers are excluded, eg those who continue on the same flight. Other transit passengers are included where passengers change plane with a new flight number. Air passengers carried relate directly to air value sales, where domestic and outbound travellers are only included. As such value and volume data in both sizes and shares is aligned and exclude the inbound component.See All of Our Definitions
This report originates from Passport, our Airlines research and analysis database.
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