Fuente: ALTA
The airline industry continued on the path of recovery and maintained a positive outlook during October. A total of 27.5 million passengers were transported, corresponding to 92% compared to the same month of 2019. This reflects the slowdown in the recovery pace versus September, when the region exceeded its 2019 levels by 1.2%.
This slowdown was seen in all regions of the world. Meanwhile, LAC continues outperforming North America, which achieved 88% of its 2019 levels, the Middle East at 81%, Europe at 78%, and Southeast Asia at 67%, the region with the weakest recovery. Among the causes are low economic growth prospects, high inflation rates, high cost of aviation fuel, and devaluation of the exchange rate, among other factors.
The results are very optimistic regarding the outlook for each country in the region. Brazil had the most significant weight in terms of passengers, which accounted for 28% of passengers transported in LAC. However, the country is 83% below 2019 levels; the second and third markets, Mexico and Colombia, have already surpassed their 2019 levels.
Domestic air transport has recovered incredibly, not impacted by international traffic restrictions. In October, Colombia had a remarkable recovery reaching 18% above its 2019 levels, while Mexico is 12% above its pre-pandemic levels. Brazil showed a slowdown reaching 86%, Argentina advanced to 95%, and Chile stands out in its domestic recovery at 99% of its 2019 levels.
For the case of international passenger transport, three countries in the region continue to stand out with very positive growth. The Dominican Republic reached 127% of its 2019 levels, Mexico 114%, and Colombia 120%. On the other hand, Brazil, Chile, and Argentina continue to recover with 76%, 81%, and 73%, respectively.
“The region has enormous potential, and despite the challenges of the environment, we see how it is moving forward to achieve it. ALTA consistently talks about State Agendas. It is a technical tool to develop a collaborative industry-government work plan for developing aviation and tourism as fundamental economic sectors. This will result in the socioeconomic well-being of countries due to their catalytic effect, job creation, and opportunities. Making air transport part of the State’s agenda means it becomes a priority for public servants. Therefore, advances are made to achieve international standards and efficient regulations. This will allow the deployment of aviation to more places and people. In October, Latin America and the Caribbean continue leading in the recovery path, with an extraordinary effort by all operators and those involved in the extensive air transport value chain, to provide an essential service to the population,” stated Jose Ricardo Botelho, Executive Director and CEO of ALTA.
For the full report, click here. There you will be able to learn how inflation and exchange rates are expected to affect this recovery path, and the state of openness of the countries, among other essential topics.