Montevideo Carrasco Airport
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1700m x 45m
- Airlines currently operating to this airport with scheduled services
- Aerolineas Argentinas
Air Europa Lineas Aereas
Amaszonas del Paraguay
Sky Airline (Chile)
- Airlines currently operating to this airport via codeshare
- British Airways
Delta Air Lines
KLM Royal Dutch Airlines
Carrasco General Cesáreo L. Berisso International Airport serves the capital city of Uruguay, Montevideo. The airport is the main international gateway to the country, hosting services from across South and North America. The airport was the main hub for defunct national carrier Pluna.
Location of Montevideo Carrasco Airport, Uruguay
Ground Handlers and Cargo Handlers servicing Montevideo Carrasco Airport
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Fuel & Oil Suppliers servicing Montevideo Carrasco Airport
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16 total articles
LCCs in Latin America: Peru’s rise as an economic star could draw attention from potential operators
As Latin America attempts to climb out of a two year long recession, Peru has emerged as a bright spot in the region – based on air passenger growth and the country’s economic performance. For the seven months ending Jul-2016 Peru recorded 9% passenger growth to 11.2 million, driven by growth of 10.2% in the country’s domestic market.
Peru’s air passenger growth continues to remain promising, as the country’s largest airline – LATAM Airlines Peru – calculates that the country’s trips per capita are slightly below the still-emerging markets of Mexico, Colombia and Brazil, whose passenger growth potential should remain robust once the country’s economy begins to fully recover.
Periodically speculation arises over the potential opportunity for a low cost airline to break into Peru’s market. The country’s growth prospects certainly warrant examination of stimulative opportunities in Peru, but so far the country lacks a true low cost airline.
Chile recorded a solid 9.7% increase in passenger growth for the first seven months of 2016, with domestic passengers growing 9% and international passenger growth reaching nearly 11%. Although Chile has not been immune to the economic degradation in Latin America, its economy is more stable than in other countries in the region.
Some changes have taken place in Chile’s domestic market during the last year – most notably the transition of the country’s second largest domestic airline Sky into a low cost carrier. As it has undertaken a change in its business model Sky’s international passenger numbers fell for the Jan-2016 to Jul-2016 time period, but the airline is adding some international markets in 2016 and 2017, upping competition with its familiar rival, LATAM Airlines Group.
Another airline aims to start operations in Chile during early 2017 with aspirations to compete with LATAM and Sky on domestic routes. Paravai Líneas Aéreas may not pose a huge threat, but its ambitions reflect a belief that perhaps Chile’s duopoly needs to be shaken up.
Brazil’s third largest domestic airline Azul has been forced to curb its once rapid growth as the country’s economy will endure its second consecutive year of contraction during 2016. Similarly to all Brazilian airlines, Azul has been plagued by soft domestic demand and a sharp currency decline that creates challenges for expenses denominated in the USD – such as fuel and aircraft costs.
Although it will take some time for Brazil’s economy to recover fully from its current recession, some encouraging trends are beginning to take effect. Recently the BRL has gained some ground against the USD, which is a welcome sign for Brazilian airlines.
Azul has used many tools to adapt to Brazil’s current economic slump, including a new relationship with the European airline TAP and equity infusions from foreign investors. It has also show a willingness to lower fares in some markets, particularly to the US, to ensure that it retains a strong market presence once Brazil embarks on a steady path to economic recovery.
LATAM Airlines Group faces bigger challenges outside Brazil, as competitors in Peru and Chile attack
During the sharp economic downturn that has engulfed Brazil for more than a year the LATAM Airlines Group has benefitted from less challenging conditions in the domestic markets of its Spanish speaking countries – Argentina, Chile, Colombia, Ecuador and Peru. But during 2Q2016 weakening economies and currency pressure in some of those markets, along with growth by LATAM’s competitors, created challenges for the company in those countries, particularly the Peruvian and Chilean domestic markets.
Some of the competitive pressure in Peru’s domestic market should ease in 2H2016, which should benefit LATAM for the remainder of the year. The company is making a significant international push from its hub in Lima in 2016 and early 2017 with the introduction of eight new markets, six of which are regional routes within South America. LATAM’s expansion from Lima should allow the company to leverage North-South traffic flows for connections through what is its third largest hub measured by seat deployment. Despite bleak economic conditions in many Latin American countries, LATAM continues to leverage its diversified network to grow in markets where it faces few, if any, competitors.
The weakness in Brazil’s domestic and international markets remains status quo. However, conditions in the country’s domestic environment do not appear to be deteriorating as rapidly, which is a welcome sign for LATAM because Brazil still represented 28% of the company’s system capacity in 2Q2016.
Peru is one of the more promising regions in Latin America during 2015, reflected in positive GDP growth and the addition of new international service. The domestic market is still growing at a solid pace, with Peruvian Airlines making significant market share gains.
During 1H2015 Peruvian transported slightly more domestic passengers than the Avianca Group, achieving the same level of market share as Avianca.
It appears that the Avianca Group may be working to leverage more international connections from Lima as the airport continues to serve as a key hub for the company. Avianca rival LATAM has also been working to exploit connections through Lima to North America and the Caribbean, and also plans frequency increases to some of its South American hubs from Lima during early 2016.
Overall the Peruvian aviation markets seems relatively stable compared with some of the other lager markets in Latin America; but Peru cannot entirely escape the economic cloud hanging over Latin America even as it boasts one of the more stable economies in the region.
Latin America’s powerhouse LATAM Airlines Group marked the third anniversary of the merger between LAN and TAM with worsening conditions in one of its largest markets, Brazil. The country’s currency devaluation and soaring inflation is dragging down the results of airlines operating into and within Brazil, and LATAM is no different. Its top line revenues fell nearly 22% in 2Q2015 as it faced deteriorating conditions in Brazil.
Similar to other Latin American airlines, LATAM has opted to cut its 2015 capacity forecast for Brazil while refining its operating margins downwards as it adjusts to the lingering challenges in the country. LATAM is seeing some positive demand trends outside of Brazil, but at the same time is navigating continuing currency pressure in other geographies.
Since the close of the merger, LATAM has faced a downward spiral in Brazil as the country’s economy started sinking. The pressure will likely continue for the short to medium term, as most forecasts for 2016 indicate a further contraction in the country’s economy.