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The International Council of Airports of Latin America and the Caribbean (ACI-LAC) has published airport traffic projections for the region, anticipating a promising future for the industry, where the passengers will increase 2,4 times.
It is expected that the number of passengers using the airports of Latin America and the Caribbean increase 2,4 times up 2052, reaching the figure of 1.790 million passengers.
This growth will be driven by the economic development of the region, the growing middle class and the expansion of air route networks. Passenger traffic is expected to Latin America and the Caribbean increase 2,4 times up 2052, reaching the 1.790 million passengers.
Passengers will increase 2,4 times
At the beginning of the year, passenger traffic has also shown good signs, although there is a lot of work to do. in January 2024, Colombia experienced a growth of 30% in international air traffic compared to January 2023, what translates into 1.9 million additional passengers.
On 2052 It is expected that 1.790 millions of passengers use the airports of Latin America and the Caribbean, compared to the 740 millions of 2023. On 2052 The region will represent the 7.3% of global passenger traffic, which represents a decrease from 8.5% of the year 2023
Although the outlook is positive, there are also challenges that need to be addressed. Air traffic growth in LAC is expected to be lower than the world average in the coming years. This is mainly due to the large growth expected in the Asia-Pacific region.
This year, international traffic in Latin America and the Caribbean is expected to represent the 31% of total air traffic in the region. The percentage of international traffic in the five main markets should be as follows: Mexico (32%), Chile (31%), Argentina (26%), Peru (23%), Colombia (21%) and Brazil (10,8%).
To stay competitive, The region needs to invest in modern and efficient airport infrastructure that can accommodate increased traffic.
Brazil: A market with enormous potential
Brazil, in particular, stands out as a market with enormous potential for international air traffic. Despite having the lowest percentage of international passengers in the region, The country is expected to remain the first most important market until 2032.
The development of tourism, Air connectivity with other markets and improving the competitiveness of the airport sector will be key to taking advantage of this potential..
Post-pandemic recovery
Preliminary traffic data 2023 compiled by ACI from 217 airports in Latin America and the Caribe show that the total number of passengers in the region grew 12% from 2022 a 2023. Growth in the extended period, from 2019 a 2023, was from 5,9%, demonstrating that LAC was the region in the world with the greatest recovery in post-pandemic passenger traffic. In fact, Our region is the only one in the world with international and domestic traffic above the levels of 2019. At a global level, the traffic of 2023 was still a 6,2% below 2019, but 27,2% above 2022.
The Latin American airport industry and the Caribe has demonstrated a great capacity for recovery after the pandemic. On 2023, air traffic in the region experienced a growth of 12% with respect to 2022.
In fact, LAC was the region with the greatest recovery in post-pandemic passenger traffic, with a growth of 5,9% Come in 2019 and 2023.
Perspectives for 2024
Airport traffic is expected to 2024 reach the 795 million passengers, consolidating the recovery of the sector.
The 5 countries with the highest volume of passengers will be:
- Mexico (484 millions),
- Brazil (425 millions),
- Colombia (232 millions),
- Argentina (134 millions) and
- Peru (130 millions).
Sustainable future
Pedro de la Fuente, IATA External Relations and Sustainability Manager, moderated the panel called The Future of PURE is now. and said: “Today SAF represents the 5% of global demand. We need to significantly multiply that production to achieve the goals. “We are in an existential stage for humanity where the transition must occur”.
It will be key for the region to begin the SAF development process to be able to adapt to the soon requirements of a less polluting aviation that several countries in the world are evaluating implementing in the medium term..
Let's continue growing our beautiful aviation!
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