Australian air travel grows substantially faster than the economy, among the steepest responses of the ranked markets, but its long-run test passes only with the pandemic years in the sample.
What this shows: The chart covers 1985 Q1 to 2025 Q3 and its vertical axis shows log(passengers).
Conditions and method
Status: provisional (the long-run test behind this status passes only with the pandemic quarters in the sample; on pre-COVID data alone it fails).