Colombia is facing impacts that reduce the growth capacity of air passenger transport
Source: ALTA In January 2023, domestic air passenger traffic decreased 1% compared to 2022, a sign of the downward trend that Colombia could have in 2023 if measures are not taken in a timely manner. The drop in the domestic passenger traffic is mainly explained by an increase in the final price of tickets. Such prices have been impacted by: Increase in fuel costs, which represents 50% of operating costs. Increase in domestic costs as a result of 13.28% inflation as of February 2023. Strong devaluation that impacts roughly 65% of the airlines' operating costs. Different fees and contributions updated with inflation, such as the airport fee (payment made by passengers to the airport for the use of the air [...]