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The regions of Latin America and the Caribe It is the first region in the world to exceed pre-pandemic air traffic levels in the 2023.
Air traffic in LAC is recovering quickly after the pandemic, with a growth of 3% planned for 2023. This positive trend is expected to continue in 2024, with a growth of 10,5% reported ACI-LAC.
Global air traffic is also on track to recover, with a growth of 94,2% planned for 2023 and a growth of 100% planned for 2024.
Latin America did it
air traffic in Latin America and the Caribe is growing at a faster rate than the global, driven by the region's economic recovery and growing demand for air travel. The region's airport industry is also committed to sustainability, more than 70 airports certified by the ACI Airport Carbon Accreditation program.
- Air traffic in Latin America and the Caribbean (ALC) is expected to reach 708 million passengers at the end of 2023, a 3% more than 2019.
- It is the region that showed the fastest recovery after the pandemic and the first to exceed the volume of air traffic in 2019.
- The 55% of the region's airports have already exceeded the air traffic of 2019.
- Mexico and Colombia stand out, with growth of 17% and 5% respectively.
- It is estimated that 2024 in LAC this positive trend will continue, with 759 million expected passengers, which is equivalent to a 10,5% more than 2019.
But there are challenges
Although the news is good for the region, There are many things governments can do to further boost travel demand., How good they do our developing economies. Governments must provide a liberalized regulatory framework that allows airlines to operate international air services without restrictions. Local governments and relevant authorities must also provide an attractive environment for doing business that supports the growth of the aviation sector..
The Board of Directors of the Airports Council International – Latin America and the Caribbean (ACI-LAC) has called on governments and industry to take urgent measures to liberalize the aviation market in the region. Specific ACI-LAC recommendations include:
- National governments must provide a liberalized regulatory framework (up to the 7th freedom for passenger and cargo services), flexible and transparent.
- Local governments and competent authorities must provide an attractive environment for doing business by implementing smart regulations and effective administrative policies and processes.
- National governments must link their aviation policies to broader economic and transport policy objectives, including mobility policies, logistics and tourism.
- Governments and the entire aviation ecosystem must take into account aspects related to sustainability in the development of air services in the region.
- Governments must actively and proactively consult with the aviation industry.
- The industry must serve travelers according to the highest standards of customer experience and local communities must benefit from the growth of the industry.
Liberalization of the aviation market in Latin America and the Caribbean would have important implications for the region. First, would allow airlines to operate more international air services, which would increase air connectivity and facilitate trade and investment. In second place, would create a more competitive environment for airlines, which could lead to lower fares and a better passenger experience. In third place, would boost economic growth and job creation in the region.
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