The UK Aviation Market is segmented by Aircraft Type (Commercial Aviation, General Aviation, Military Aviation). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

The revenue in the 'Flights' segment of the shared mobility market in the United Kingdom was modeled to stand at ************* U.S. dollars in 2024. Between 2017 and 2024, the revenue rose by ************ U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue will steadily rise by ************* U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Flights.

The UK Military Aviation Market is segmented by Sub Aircraft Type (Fixed-Wing Aircraft, Rotorcraft). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

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Aviation Market Size 2025-2029

The aviation market size is forecast to increase by USD 715.6 billion, at a CAGR of 8.4% between 2024 and 2029.

The market is experiencing significant shifts, driven by the increasing emphasis on efficiency within the airline industry. This push for improved productivity is leading to the adoption of advanced technologies, such as radio-frequency identification (RFID), to streamline operations and enhance passenger experience. Simultaneously, the aviation sector faces complexities in its supply chain due to the rapid pace of technological advancement.
These challenges necessitate agile and adaptive strategies from industry players to effectively manage their supply chains and mitigate potential disruptions. Companies seeking to capitalize on market opportunities and navigate these challenges must stay abreast of emerging technologies and maintain a flexible, innovative approach to business operations.

What will be the Size of the Aviation Market during the forecast period?

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The market continues to evolve, with dynamic interplay between various sectors shaping its landscape. Aircraft leasing and financing facilitate fleet management for airlines, enabling operational flexibility and cost efficiency. Aircraft insurance mitigates risks, ensuring financial security for lessors and lessees. In the realm of airline operations, supply chain management optimizes processes, enhancing efficiency and reducing costs. Business travelers demand superior passenger experience, driving investments in communication systems, passenger services, and crew scheduling. General aviation, including business jets and rotary-wing aircraft, caters to diverse needs, from executive travel to emergency medical services. Safety remains a top priority, with continuous advancements in aviation safety regulations, accident investigation techniques, and aviation law.

The aerospace industry innovates in aircraft design, materials, and propulsion systems, such as turbine engines and noise reduction technologies. Air traffic management and aviation training adapt to growing global trade and increasing air traffic volumes. Embracing technology, aviation incorporates advanced navigation systems, flight control systems, and airport infrastructure to improve efficiency and reduce emissions. The ongoing integration of these elements underscores the continuous dynamism of the market.

How is this Aviation Industry segmented?

The aviation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Commercial aviation
  Military aviation
  General aviation


Revenue Stream

  Passenger
  Freight


Component

  Aircraft engines
  Airframe systems
  Avionics
  Cabin interiors
  Landing gears


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

.

By Type Insights

The commercial aviation segment is estimated to witness significant growth during the forecast period.

The market encompasses various sectors, including defense industry, freight forwarding, jet engines, fixed-wing aircraft, rotary-wing aircraft, aviation law, safety regulations, aerospace industry, navigation systems, ground handling, aviation security, military aviation, aircraft design, aircraft financing, fleet management, aircraft maintenance, baggage handling, passenger experience, passenger services, air traffic management, aviation training, airline ticketing, cargo operations, fuel efficiency, aircraft certification, air traffic control, air transportation, global trade, business jets, aircraft leasing, aircraft insurance, airline operations, supply chain management, business travel, general aviation, communication systems, aviation safety, route planning, pilot training, flight control systems, crew scheduling, airport infrastructure, and emissions reduction. The commercial aviation segment, which includes general aviation and scheduled airline services, is experiencing notable growth in market revenue.

Commercial aviation is utilized for diverse transportation needs, such as tourism, passenger travel, business travel, and freight transportation. Factors fueling this growth include the expanding middle-class population with increasing disposable income and the emergence of low-cost airline companies. Major components of commercial aviation consist of the wings, power plants, fuselage, tail or empennage, and landing gear. Commercial aviation plays a crucial role in various indus

UK Airport Statistics are available each month from the Civil Aviation Authority. http://www.caa.co.uk/Data-and-analysis/UK-aviation-market/Airports/Datasets/UK-airport-data/ Table shows number of passengers handled by each London airport, and the country of destination of each passenger arriving into or departing from London's airports in the whole of 2011.

In 2024, 71 percent of UK air passengers reported that they were very or fairly satisfied with the value for money of flying, up from the 68 percent satisfaction level registered in the previous year. From March 2016 to October 2021, the percent of satisfaction with value for money on the passengers' last trip ranged above 70 percent.

http://www.caa.co.uk/Data-and-analysis/UK-aviation-market/Airports/Datasets/UK-airport-data/ Table shows number of passengers handled by each London airport, and the country of destination of each passenger arriving into or departing from London's airports in the whole of 2011.

Budget airlines have benefitted from consumers increasingly seeking value for money. The industry is highly concentrated, consisting of only four airlines. External factors, including business and consumer confidence, household disposable income and outbound and international tourist numbers, determine demand for budget airlines. Shocks like natural disasters, terrorist attacks and disease outbreaks also impact demand. Revenue is expected to soar at a compound annual rate of 38.1% over the five years through 2025-26 to £12.8 billion, including growth of 5.3% in 2025-26. This rate of growth is skewed due to the base year of 2020-21 being severely low due to the significant impact of the pandemic on the tourism industry. Performance across the industry has sharply rebounded since the pandemic shocks toppled operators like Flybe and Norwegian Air UK. As travel restrictions lifted, passenger numbers have climbed year after year, boosting revenue recovery for budget airlines. Budget carriers swiftly capitalised on returning confidence and shifting consumer priorities, raising ticket prices to capture burgeoning demand. Yet, this bounce has been tempered by the cost-of-living crisis, with high inflation and economic uncertainty constraining consumer finances and spending since 2022-23. Nonetheless, these conditions have also encouraged more consumers to seek cheap ticket fares offered by budget airlines. Intense competition and elevated operating costs, including volatile fuel prices, have weighed on profit growth. Airlines have focused on technological innovation and improved customer service to enhance travellers’ experience and retain passengers. Revenue is forecast to expand at a compound annual rate of 4.2% over the five years through 2030-31 to £15.7 billion, driven by more robust demand for air travel, particularly low-cost flights. Budget airlines' expansion of fleets and operating bases will also fuel growth, with companies seeking to boost capacity and meet expanding passenger volumes. Carriers will invest heavily in new, more efficient fleets to boost capacity and comply with tightening environmental mandates, though these efforts bring significant capital and compliance costs. Investment in aircraft and competitive pressures will likely weigh on the profit margin. Budget airlines will have to innovate and improve their offerings to enhance the customer experience and stand out, with traditional airlines intensifying competition.

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Europe Aviation Market Size 2025-2029

The europe aviation market size is forecast to increase by USD 117 billion, at a CAGR of 6% between 2024 and 2029.

The European aviation market is driven by the continuous pursuit for aircraft efficiency, with manufacturers and airlines investing significantly in technological advancements. One such innovation is the integration of Radio Frequency Identification (RFID) technology in aircraft, enabling real-time tracking and maintenance monitoring, thereby improving operational efficiency and safety. However, this market is not without challenges. Fluctuations in oil and gas prices pose a significant threat, as they directly impact the operating costs for airlines. Moreover, the industry must navigate the complexities of implementing new technologies and regulations while maintaining safety and reliability standards. Companies seeking to capitalize on the market's opportunities should focus on optimizing their fleets through technology integration and maintaining a flexible business strategy to adapt to price volatility.

What will be the size of the Europe Aviation Market during the forecast period?

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The European aviation market is experiencing significant advancements, with key players exploring new frontiers in air travel. Jet engines continue to power the industry, with AI-powered flight planning and optimization enhancing fuel efficiency. Autonomous flight and hypersonic technology are pushing the boundaries of speed and efficiency. Air traffic management is undergoing a digital transformation, with augmented reality and virtual reality training tools revolutionizing pilot training. Sustainable aviation fuels and lightweight materials are driving the shift towards eco-friendly flying. Passenger experience is being redefined through biometric authentication, wearable technology, and smart airports. Data analytics and data-driven maintenance are streamlining operations, while airport automation and automated baggage handling are reducing wait times. AI-powered flight control and turboprop engines are offering cost-effective solutions for regional travel. Electric aircraft and biometric security are shaping the future of air taxi services. The industry is also embracing advanced materials and digital twins for improved safety and performance.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Revenue StreamPassengerFreightTypeCommercial aircraftMilitary aircraftGeneral aircraftComponentAircraftMROGround handling servicesGeographyEuropeFranceGermanySpainUK

By Revenue Stream Insights

The passenger segment is estimated to witness significant growth during the forecast period.

The European aviation market is experiencing significant growth, driven by the increasing number of air travelers due to economic growth and rising disposable incomes. In Q1 2023, 179 million passengers were carried across the EU, representing a 56% increase over Q1 2022. This trend continued throughout the year, with approximately 820 million people opting for air travel in 2022. Europe's popularity as a tourist destination attracts millions of visitors annually. To accommodate this surge in demand, full-service carriers and low-cost carriers are expanding their fleets, leading to an increased need for aircraft acquisition and maintenance. Communication systems, navigation systems, and safety regulations are crucial components in ensuring efficient and safe operations. Engine maintenance, noise reduction, and environmental impact are also essential considerations. Business jets and regional aircraft cater to the needs of the corporate sector, while passenger experience, cabin comfort, and in-flight entertainment are vital for commercial aviation. General aviation, fleet management, and airport infrastructure play a significant role in the market. Composite materials and aircraft design contribute to improved aircraft performance and fuel efficiency. Airport security, airport operations, passenger handling, and baggage handling are essential elements of airport infrastructure. Aviation regulations, aviation insurance, and flight operations ensure the safety and security of passengers and crew. Route planning, on-time performance, and yield management are crucial for commercial success. Cargo aircraft and aircraft interiors are integral to the aviation industry's logistical and operational efficiency. Network optimization and hub airports facilitate the smooth transportation of goods and passengers. Aircraft disposal and financing are essential aspects of the market's dynamics.

Downloa

United Kingdom based airlines transported 139.6 million passengers in 2024, up from approximately 129.4 million registered in the previous year. Over the period given, the passenger traffic peaked at 176.22 million in 2018, before decreasing significantly due to the coronavirus pandemic. EasyJet: king of the skies EasyJet is the largest airline company based in the United Kingdom. In 2022, the low-cost carrier transported 33.12 million passengers in UK via its operating company EasyJet UK Ltd. EasyJet was founded in 1995 and has seen an astonishing market growth since then, overtaking the country’s flag carrier British Airways as the leading airline in 2022. Air traffic worldwide Globally, the number of scheduled passengers is expected to reach 1.17 billion users by the end of 2027. After continuing its recovery from the COVID-19 pandemic in 2023, the sector is expected to continue growing between 5.5 and 4 percent annually between 2024 and 2027.

The UK Military Aviation Market, while lacking precise figures in the provided data, exhibits strong growth potential driven by several key factors. The global military aviation market shows a CAGR of 0.04, suggesting a modest but consistent expansion. Considering the UK's significant defense budget and its role in international alliances (NATO), it's reasonable to assume a similar, if not slightly higher, growth rate for the UK specifically. Drivers include modernization of existing fleets, investment in next-generation aircraft technologies (e.g., unmanned aerial vehicles), and increasing geopolitical instability necessitating enhanced air defense capabilities. The market is segmented by aircraft type, with fixed-wing aircraft (multi-role, training, transport) and rotorcraft (multi-mission, transport helicopters) representing significant segments. Competition is fierce, with major players like BAE Systems, Lockheed Martin, and Airbus SE vying for contracts. Potential restraints include budgetary constraints, technological challenges in developing advanced aircraft systems, and the evolving landscape of warfare which may shift funding priorities. Focusing on the UK, the market is likely dominated by fixed-wing aircraft, given the Royal Air Force's reliance on fighters and transport planes. The market's future growth depends on the government's defense spending priorities. Successful bidding by domestic companies like BAE Systems will significantly impact market share. Considering the global trends and UK's specific strategic position, the UK military aviation market is projected to experience consistent growth, albeit at a potentially moderate pace, throughout the forecast period (2025-2033). Further research into specific UK government procurement plans would provide a more precise market size and growth projection. This report provides a detailed analysis of the UK military aviation market, offering invaluable insights into market size, growth drivers, challenges, and future trends. Covering the period from 2019 to 2033, with a focus on 2025, this research is essential for businesses operating in, or seeking entry into, this dynamic sector. Our analysis encompasses key segments, including fixed-wing and rotorcraft aircraft, and considers the impact of geopolitical factors, technological advancements, and regulatory changes. Recent developments include: June 2023: Airbus Flight Academy Europe, a subsidiary of Airbus that supplies training services for the pilots and civilian cadets of the French Armed Forces, signed a memorandum of understanding (MoU) with AURA AERO.May 2023: The US State Department approved a potential sale of CH-47 Chinook helicopters, engines, and equipment worth USD 8.5 billion to Germany.March 2023: Boeing has been awarded a contract by the US government to manufacture 184 AH-64E Apache attack helicopters for the US military and international customers. The US government announced USD 1.95 million, indicating that the helicopter will be delivered to the US military and overseas buyers - specifically Australia and Egypt - as a part of the paramilitary process to the Foreign Service (FMS) from the US government. Contract completion is expected by the end of 2027.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The Europe Aviation Market Report is Segmented by Type (Commercial Aviation, Military Aviation, and General Aviation) and Geography (United Kingdom, Germany, France, Italy, Spain, Russia, and the Rest of Europe). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

The UK general aviation market is projected to exceed USD 250 million from 2024–2029, driven by rising demand for both personal and business aviation.

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Artificial Intelligence In Aviation Market Size 2024-2028

The artificial intelligence (AI) in aviation market size is forecast to increase by USD 11.69 billion at a CAGR of 65.25% between 2023 and 2028.

The aviation industry is witnessing significant advancements with the integration of Artificial Intelligence (AI) technology. Virtual assistants are being increasingly used for quicker check-in processes and customer service, enhancing the overall travel experience. AI is also revolutionizing flight operations through dynamic pricing, which optimizes ticket pricing based on real-time demand and supply analysis. Furthermore, AI-powered computer vision is being employed for surveillance purposes, ensuring system efficiency and timely management of airport infrastructure.
However, the high cost of AI implementation, data privacy concerns, and a shortage of skilled tech workers pose challenges for the aviation industry. However, AI's potential to enhance training, data analysis, and operational efficiency makes it a crucial investment for future growth.

Artificial Intelligence In Aviation Market Analysis

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How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Component

  Software
  Hardware
  Service


Application

  Airline and airport operations
  Manufacturing and MRO activities


Geography

  North America

    US


  Europe

    Germany
    UK
    France


  APAC

    China


  South America



  Middle East and Africa

By Component Insights

The software segment is estimated to witness significant growth during the forecast period. Artificial Intelligence (AI) plays a pivotal role in the aerospace sector, particularly in the airline industry and airports. Cloud-based technologies facilitate the implementation of AI solutions, including machine learning, in various aviation applications. AI software streamlines operations in the aviation industry, with the software segment witnessing significant growth. In the airline industry, AI is utilized for flight planning and optimization, predictive maintenance, and air traffic management. Flight planning software uses AI algorithms to determine optimal flight routes, thereby reducing fuel consumption and improving flight efficiency. Predictive maintenance software analyzes aircraft data to anticipate maintenance requirements, thereby minimizing downtime and operational disruptions.

Additionally, air traffic management software optimizes air traffic flow, reducing congestion and enhancing airspace utilization. Moreover, AI-based chatbots offer customer service solutions, providing real-time support and streamlining passenger interactions. In the aviation industry, AI applications extend to crew management, where software assists in optimizing crew assignments and scheduling, ensuring operational smoothness. The machine learning segment is expected to dominate the AI market in aviation due to its ability to learn and adapt to new data, providing more accurate and efficient solutions. In conclusion, AI software is a vital driver of innovation and efficiency in the aviation industry, with applications ranging from flight planning and optimization to predictive maintenance, air traffic management, and customer service. The adoption of AI technologies is poised to revolutionize the aviation sector, enhancing operational efficiency and improving the passenger experience.

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The software segment was valued at USD 109.10 million in 2018 and showed a gradual increase during the forecast period.

Will North America become the largest contributor to the Artificial Intelligence In Aviation Market?

North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In the aviation industry, North America led the global market for AI technologies in 2023, driven by the adoption of Internet of Things (IoT), big data, and factory automation. The aerospace sector's heightened reliance on data analytics and cloud-based applications further fueled this growth. In the US, airports employ AI remote security technology to enhance security, with plans to install six ROSA180 units for detecting and deterring unauthorized access to parking garages and secure areas. AI's role in aviation is expanding, with applications in areas such as baggage screening, passenger identification, maintenance, customer support, facial

The Europe General Aviation Market is segmented by Sub Aircraft Type (Business Jets, Piston Fixed-Wing Aircraft, Others) and by Country (France, Germany, Italy, Netherlands, Russia, Spain, Turkey, UK). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

The most popular airline was British Airways in the fourth quarter of 2024, with 67 percent of British respondents saying they have a positive opinion of the company. It was followed by EasyJet with 55 percent saying they liked the airline.

Domestic airlines primarily operate aircraft on scheduled routes within the United Kingdom to transport both passengers and freight.

Non-scheduled passenger air transport services have endured significant volatility over the past five years. Although the industry may be perceived as providing tailored travel services for the wealthy, the bulk of revenue is generated by transporting customers to holiday destinations as part of a travel package, with TUI Airways accounting for the bulk of passenger numbers. Revenue has fluctuated significantly, largely because of the COVID-19 outbreak, which led to a sharp drop in passenger numbers during 2020-21 and 2021-22. Over the five years through 2024-25, revenue is anticipated to fall at a compound annual rate of 0.4% to £2.7 billion. Low-cost carriers (LCCs) have expanded their services on popular tourist routes, traditionally served by charter airlines, which has raised competition and reduced industry demand. Despite government support and cost-reducing measures, the industry made a loss in 2020-21 because of slashed travel activity. Passenger numbers rebounded in 2022-23, as the lifting of international travel restrictions at the end of the previous year kickstarted a surge in demand. Passenger demand has since been hit by inflationary pressures, while geopolitical tension has disrupted certain routes. This has caused revenue growth to slow, while airlines are still feeling the impact of a recent surge in fuel prices. Revenue is set to climb by 5.6% in 2024-25. Revenue is slated to grow at a compound annual rate of 2.3% over the five years through 2029-30, reaching £3 billion. Larger companies can compete with LCCs by investing in targeted marketing and expanding their offerings to include the most popular routes. New regulatory changes will encourage airlines to reduce their carbon emissions, with the government announcing its target to reach net zero aviation by 2050. In the short-term, re-fleeting will enable airlines to improve their environmental credentials and lower costs by adding more fuel-efficient aircraft. Beyond this, investment in sustainable aviation fuels (SAF) will be key to achieving decarbonisation goals. Despite improving cost-efficiency, major capital outlays associated with investing in new aircraft technology may prove insurmountable for smaller airlines, particularly as competition from LCC’s shows no sign of easing up.

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Commercial Airlines Market Size 2025-2029

The commercial airlines market size is valued to increase by USD 430.2 billion, at a CAGR of 8.7% from 2024 to 2029. Increase in air passenger traffic will drive the commercial airlines market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By Revenue Stream - Passenger segment was valued at USD 515.10 billion in 2023
By Type - International segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 50.56 billion
Market Future Opportunities: USD 430.20 billion
CAGR from 2024 to 2029 : 8.7%

Market Summary

The market represents a dynamic and ever-evolving industry, driven by numerous factors that shape its current landscape and future trajectory. Core technologies, such as advanced avionics and digitalization, continue to revolutionize air travel, enhancing efficiency and passenger experience. Applications, including in-flight entertainment and connectivity, are witnessing significant growth, with increasing air passenger traffic fueling demand. Service types, such as low-cost and full-service carriers, cater to diverse consumer preferences. Regulations, including safety standards and environmental initiatives, remain a critical influence. For instance, the European Union's Emissions Trading System (ETS) has driven airlines to adopt more fuel-efficient aircraft and operational practices.
According to the International Air Transport Association (IATA), passenger traffic grew by 4.3% in 2019, with smart airports becoming increasingly popular to streamline the travel experience. Despite this growth, rising operating expenses, including fuel costs and labor, pose challenges. However, opportunities, such as market consolidation and expansion into emerging markets, offer potential for growth.

What will be the Size of the Commercial Airlines Market during the forecast period?

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How is the Commercial Airlines Market Segmented ?

The commercial airlines industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Revenue Stream

  Passenger
  Cargo


Type

  International
  Domestic


Range Outlook

  Short-haul
  Medium-haul
  Long-haul
  Ultra-long haul


Fuel Efficiency

  Conventional Jet Fuel
  Biofuels
  Electric Propulsion
  Hydrogen-powered


Operation Model

  Scheduled Flights
  Charter Flights
  Wet Leasing


Business Model

  Network Carriers
  Point-to-Point Carriers
  Ultra-Low-Cost Carriers (ULCCs)


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Revenue Stream Insights

The passenger segment is estimated to witness significant growth during the forecast period.

In the dynamic and evolving the market, various sectors are witnessing significant developments. The passenger segment experienced a notable surge in 2024, with around 4.6 billion passengers passing through airports worldwide, marking a 28.3% increase. This growth can be attributed to the burgeoning air travel industry, particularly in the Asia Pacific region. To cater to this increasing demand, major aircraft Original Equipment Manufacturers (OEMs) are expanding their production capabilities to meet scheduled deliveries. Low-Cost Carriers (LCCs) are also modernizing their fleets to capitalize on new market opportunities. The procurement of new aircraft is a primary response to the growing number of air passengers.

Operating costs remain a significant challenge for commercial airlines. To address this, various solutions are being implemented. In-flight entertainment systems are being upgraded to enhance the passenger experience, contributing to fuel efficiency improvements. Airline alliances are collaborating to optimize fleet operations and reduce maintenance costs through shared resources. Airworthiness directives, aircraft navigation, weather forecasting, flight simulation, and flight data analysis are essential tools for maintaining aircraft safety and efficiency. Flight operations are being streamlined through advanced technologies like avionics systems, aircraft maintenance software, and safety management systems. Passenger safety is a top priority, leading to advancements in aircraft design, technology, and ground support equipment.

Aircraft leasing companies are playing a crucial role in fleet optimization, providing flexible financing options for airlines. The market for aviation

The aviation sector in the United Kingdom consumed around ***** million metric tons of oil equivalent aviation turbine fuel in 2023. This figure represents an increase from previous years. Air travel was significantly impacted by the coronavirus pandemic, which explains the slump in fuel consumption in 2020 and 2021.