01/11/2022
IBA Insight has revealed that the Latin American region is leading global air traffic recovery, with capacity now exceeding pre-pandemic levels recorded in 2019.
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Latin America first exceeded pre-pandemic capacity levels in May 2022 and has continued to track above all other regions. As of September 2022, flight capacity in Latin America exceeded 2019 levels by 2%.
The Latin America region is largely dominated by domestic operations, with around 75% of flights that departed from South American airports in 2019 bound for domestic destinations. That high proportion of domestic flights, coupled with a strong domestic recovery, has helped to drive the region to its leading position in capacity recovery globally.
Conversely, flight capacity in the Asia Pacific region took a hit in September 2022, largely driven by further outbreaks of Covid-19 across China, coupled with ongoing travel restrictions.
Colombia has staged the strongest recovery at a country level, with capacity in September 2022 exceeding 2019 levels by 24%.
IBA Insight flexibly illustrates multiple asset, fleet, and market positions, actual and potential, to inform client choices and identify acquisition opportunities. Immediate access to crucial aircraft, engine, lease rate and fleet data eases appreciation of historic and future aircraft concentrations and operator profiles.
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