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According to the latest trend forecast presented by Airbus, Latin American travelers will double their travels in the next two decades.
Passenger traffic is expected to Latin America will double in the next two decades — going from 0,44 annual trips per capita in 2019 a 0,87 annual trips per capita in 2042. According to the latest Global Market Forecast of Airbus (GMF, for its acronym in English), per capita travel rate will be close to doubling in Mexico and will exceed double in Argentina, Brazil, Chile and Colombia.
Travel on the rise
Usually, traffic will grow 2,2% in the next 20 years, equivalent to 2.390 new passenger planes and load. Of these 2.390 new passenger and cargo aircraft, 190 They will be wide-body aircraft and 2.200 They will be single aisle, representing the 92% of new aircraft deliveries in Latin America, turning the region into a predominantly single-aisle aircraft market.
The trend of flying more is driven by the projected growth of the middle class of 400 million to 490 millions of people to 2042, what represents the 67% of the population of Latin America and the Caribe. What's more, the high penetration of Low Cost Airlines (LCC, for its acronym in English) has made air travel more accessible, representing the 50% of the total seats offered domestically in Latin America. Brazil and Mexico show the greatest penetrations of the LCC model in the region.
The growth of electronic commerce in Latin America has led to increased demand for air cargo services over the past two decades and origin and destination cargo traffic is expected to (O&D, for its acronym in English) from, to and within Latin America almost doubled to 2042.
The GMF also projects an increase in passenger traffic from O&D in one 3,5% annual in Latin America, doubling in the next 20 years. Domestic traffic will grow at a rate higher than 3,8% annual, while intra-regional traffic will increase by 3,2%.
The fleet in service Latin America will almost double, going from the 1.440 aircraft currently in service, a 2.630 in the next two decades. Of these, 240 planes will remain, 1.200 will be used to replace less fuel-efficient aircraft, and 1.190 planes will represent the growth in demand.
Airbus has sold more than 1.150 airplanes in Latin America and the Caribbean. More of 750 are in operation throughout the region, and has more than 520 in backlog, which represents a market share of 58% of passenger aircraft in service. From 1994, Airbus has obtained the 75% of net orders in the region.
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