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.
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%.
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Cover image: Akasa Air At the last count, the global aviation industry is in the midst of a modest boom of in start-up airlines, with over 130 start-ups preparing for take-off in 2021 and 2022. Thanks in part to discounted operating costs an influx of new carriers are springing up in every corner or the global aviation industry.