The Latin American aviation industry will see a considerable growth of 2.8% during the forecast period. According to data from the Civil Aviation Authority of Colombia, global passenger traffic doubled in the last 10 years, while cargo traffic increased by 25% in the same period. International institutions such as the ICAO play a fundamental role in the development of a global framework for aviation activity. Moreover, an institution such as LACAC (Latin American Civil Aviation Commission) that serves a crucial platform to promote civil aviation in Latin America is anticipated to contribute towards the growth of the regional aviation industry.
Browse the full report description of "Latin American Aviation Market Size, Share & Trends Analysis Report by Type (Passenger Airlines, Cargo Airlines, Aircraft Manufacturing, Airport Management, and Catering & Other Services), Impact of COVID-19 on Latin American Aviation Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/latin-american-aviation-market
The suspension of passenger flights due to the COVID-19 outbreak has led to the loss of available cargo capacity in Latin America. This is especially critical across Latin America and the Caribbean where, in many cases, no alternative means of transport exists. The decline in the number of domestic and international flights for passenger and cargo transport further impacted the aviation industry in the region. As per ICAO, the total number of flights in Latin America were around 1.2 million till May in 2019 that further declined to 792 thousand till May in 2020 Brazil, Mexico, Argentina further accounted the decline of 38%, 36%, and 51.8% respectively in the domestic and international flights for passenger and cargo transport. Therefore, this decline in the flight during the COVID-19 outbreak further impacted the aviation industry in the region.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2018-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
|
Segments Covered |
By Type |
|
Countries Covered |
Brazil, Argentina, Colombia, Mexico, Chile, and Rest of Latin America |
|
Key Companies Profiled |
AerolíneasArgentinas
S.A., Avianca S.A., LATAM Airlines Group, Interjet Airlines, and GOL
LinhasAéreas S.A. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
Latin American Aviation Market – Segmentation
By Type
Latin American Aviation Market – Segmentation by Geography