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The traffic of passengers in Latin America increase 5.7% on 2018, the biggest growth since 2015 and reaches 15 years of record growth throughout the region.
In the most recent report of the Latin American and Caribbean Air Transport Association (HIGH) informs that airlines Latin America and the caribbean transported 295.5 million passengers in 2018, which represents an increase in 5.7% more compared to previous year.
The 2018 marked the 15th consecutive year of growth in passenger traffic and the fastest-growing year on record since 2015, which confirms the recovery of the industry with a growth close to the 5 percentage points above the region's economy, where the GDP reached a growth of 1.2% compared to 2017, according to IMF figures.
Of the 16 million additional passengers transported in 2018, 13 millions (82%) correspond to passengers transported in the intra-Latin American market, equivalent to a percentage growth of 5.1%.
In the intra-Latin American market, Brazil's domestic markets, Mexico, Argentina, Chile and Peru leveraged more than 90% of growth, when transporting 12.2 million additional passengers. Mexico grew 9.5% in its domestic market, Chile 16%, Peru 12% and Argentina 13%. Brazil, which is the most important domestic market in the region, grew up 3.6% pointing like this 2 consecutive years of positive growth after the slowdown shown during 2015 and 2016.
In international intra-Latin America traffic, airlines in the region transported 43 million passengers (+3.8% with respect to 2017) The Argentina-Brazil market being the most important with a flow of 3.7 million passengers in 2018 (+4.9% with respect to 2017). The following markets stood out in percentage growth:
- Colombia-Uruguay: +60%
- Costa Rica-Peru:+54%
- Ecuador-Mexico:+52%
- Colombia-Rep. Dominican: +39%
- Brazil-Chile: +19%
The extra international market – Latin America, airlines in the region transported 30.1 million passengers in 2018, a 11.2% more than the previous year. in this market, the 2018 marked a special milestone as it was the year in which airlines completed international operations at 5 main regions outside the region (North America, Europe, Asia-Pacific, Middle East and Africa) thanks to the inauguration of the new LATAM flight between Sao Paulo and Tel Aviv.
In absolute terms, the market that grew the most in 2018 It was North America with 2.7 million additional passengers, highlighting traffic between USA-Brazil (+34%), Mexico-USA (+11.1%), Mexico-Canada (+33.5%) and Guatemala-USA (+33%). In percentage terms, The extra-Latin American region that grew the most in traffic for airlines in the region was Africa, with a growth of 51% equivalent to 32.000 additional passengers.
further, the 2018 It was also a very positive year for the region's airlines in terms of route development, with a total of 64 new routes started, 22 domestic and 42 international. 47 of those routes were intraregional routes (25 international and 22 domestic) and 17 extra-regional routes (14 North America, 3 to Europe and 1 to the middle east).
As for fleet, airlines in the region closed the 2018 with an operational fleet of 1.962 aircraft. During the year they were delivered to the airlines in the region 74 narrow body aircraft, 6 wide body and 6 turboprops.
It is estimated that for 2019 airlines in the region will exceed 300 million passengers.
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