Latin America Aviation Market

Monthly Latin American Airline Data Updates

Discover the Busiest Airports and Airlines in Latin America This Month | October 2024

How much airline capacity is there in Latin America? Find out with new data each month, detailing:

  • How many airlines and airports are operating in Latin America?
  • Which is the busiest airport in the continent?
  • What is the biggest airline in Latin America?
  • Which Latin American country has the most airline capacity?
  • Which regions are most visited?
  • And more.
Data is sourced from OAG's Schedules Analyser; a cutting-edge platform for airline schedule analysis. 

 

Airline Capacity in Latin America | October 2024

 

How much airline capacity is there in latin america?

  • The total seat capacity grew by 5.1% to 40.7 million seats in October 2024 and is in line with positive industry expectations of continued steady growth.
  • Domestic capacity increased 27.8 million seats up by 5.2%, while international capacity grew by 4.8% to 12.9 million seats. This shows a balanced growth in both domestic and international markets, which is good news for the airlines in the region.
  • Mainline carriers show a 6.4% increase in capacity, while low-cost carriers indicate a 3.1% increase. Mainline carriers are expanding more aggressively.
  • The market share of mainline carriers remained stable at 61%, and low-cost carriers maintained a 39% share, indicating consistent market dynamics year on year.

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Country Aviation Markets in Latin America | October 2024

 

Which Latin American Country Has The Most Airline Capacity (Domestic + International)?

  • Within the top ten countries, Colombia’s seat capacity increased by an impressive 26.9%, from 4.2 million seats to 5.4 million seats. This significant growth suggests a booming aviation market in Colombia and carriers are showing strong growth.
  • Brazil, the largest aviation market, will grow steadily by 5.3%, with 11.7 million seats, reflecting its stable market and potential for further expansion.
  • Mexico is contracting a further 4.1% in October.
  • Both Peru and Chile show healthy growth of 15.5%, with Peru increasing from 1.9 million to 2.2 million seats and Chile from 2.1 million to 2.49 million seats.
  • The varied trends among the top countries highlight the diverse economic and market conditions influencing aviation demand throughout the region.

Which Latin American Country Has THE Most DOMESTIC Airline Capacity?

 

  • Colombia’s domestic capacity is rising  31.6%, from 3.2 million to 4.29 million seats. This reflects strong internal travel demand driven by growth plans by carriers such as JetSMART and Avianca as they capture pent up demand to key city pairs.
  • Brazil’s domestic market increases by 5.2% for the month compared to last year.
  • Mexico’s domestic market saw a 6.4% decline again this may be contributed to by currency pressures, competitive shifts with the airlines, as well as capacity constraints.
  • Venezuela is facing difficulties with a big decline of  39.6%, from 281,962 seats to 170,416 seats, indicating continued economic or political issues impacting domestic travel.
  • Some positive news in October for smaller markets like the Bahamas, where there was a 10% increase, from 110,204 seats to 121,214 seats for Oct 24.

Top Ten Busiest Airports by Departing Seats in Latin America | October 2024

 

Which is the Busiest Airport in Latin America?

  • Bogota (BOG) has an impressive 21.8% increase in seat capacity for the month, from 2 million to 2.4 million seats offered, underscoring its importance as a major hub in Latin Americ. It also is enjoying the strong growth of JetSMART and Avianca on the domestic front.
  • Sao Paulo Guarulhos (GRU) experienced a 3.9% increase reflecting its stable position as a key airport and Mexico City Juarez (MEX) saw an 8.1% decline, from 2.3 million seats to 2.1 million seats in the month. This decline could be due to capacity constraints enforced by the government at MEX as well as competitive shifts.
  • Santiago (SCL) and Lima (LIM) both showed significant growth of 16.3% and 14.5%, respectively, highlighting their strategic importance in connecting South America with other regions.
  • Brasilia (BSB) experienced double digit growth with an 11.1% increase in seat capacity to 846,380 seats as it continues to strengthen its position as a domestic and regional hub
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Airline Capacity By Region | October 2024

Which Region of Latin America Has Most AIRLINE Capacity?

  • Capacity in Upper South America continues to flourish with an increase of 16%. This significant growth highlights a surge in travel demand in countries like Colombia and Peru.
  • Lower South America is seeing a 6.1% increase.
  • Central America is contracting slightly in the month with a 2.8% drop, from 11,367,795 to 11,045,027 capacity.
  • The Caribbean region will have a modest rise of 1.3% showing stable travel demand.

Where do flights from Latin America go?

  • Capacity within Latin America is increasing by 10%, from 5.4 million to 5.9 million seats, suggesting strong regional connectivity in line with industry expectations.
  • North America with a slight contraction of 1% seats is showing a softening of demand in October.
  • Capacity to Europe increases by 6% however, to 1.6 million seats, indicating growing interest and investment in transatlantic routes.
  • While starting at a comparatively low base, capacity to Asia Pacific shows a  45% increase, from 29,534 seats to 42,926 seats, demonstrating  the growing interest in connecting Latin America with Asia. China in particular is investing heavily in Latin America and increasing trade and commerce links with the region.
  • Capacity to the Middle East decreases by 5%, while capacity to Africa grows by 11%, reflecting shifting travel patterns and market dynamics. 
    Middle East and African carriers are picking up connection traffic from Asia and using their strategic hubs to connect with Latin America. 
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Top Ten Airlines in latin America (Departing seats, one-way) | October 2024

 

Which is the biggest airline in Latin America?

  • LATAM is showing a 9.1% increase in seat capacity, from 7.7 million seats to 8.4 million seats, reflecting its strong market position and business strategy post chapter 11.
  • Avianca shows resilience with a 23.1% increase, from 2.9 million seats to 3.6 million seats, indicating aggressive expansion and market penetration. They are also capitalizing on stong domestic demand as they take up traffic from the exiting of two considerable low cost competitors from the market.
  • Jetsmart showed an extraordinary 130.8% increase comparing October 2023 and October 2024, they grew from 533,151 seats to 1,230,384 seats, highlighting its rapid expansion and market entry as it also picks up market share left behind by the demise of Viva Colombia and Ultra Air.
  • Volaris and Aeromexico both face declines of 8.2% and 3.8%, respectively, possibly due to the reduction of hourly slots enforced at MEX airport by the government.
  • Aerolineas Argentinas contracted 4.6% shedding 63,866 seats compared to last year.
  • Azul Airlines indicates a 9.8% increase, to 3.5 million seats, reflecting its stable growth and market presence.

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