Colombian airlines: positioning to capitalise on growth
Colombia has been one of the fastest growing domestic aviation markets in Latin America during the past decade, with domestic passenger levels more than doubling during that period.
Similarly to other growing Latin American markets, Colombia has logged solid economic growth, witnessed the emergence of a growing middle class and entered into a period of political stability.
During the past year, operators in Colombia have battled currency pressure and rising fuel prices. Nevertheless, the country’s airlines believe that a good deal of upside remains for Colombia over the long term, and are working to position themselves to capitalise on that that growth.
The country’s largest airlines – Avianca and LATAM Airlines Colombia – are planning to expand during the next couple of years, adopting different approaches to that growth. Avianca has revamped its regional operations, while LATAM plans a capacity push during the next three years.
It remains to be seen how Colombia’s smaller operators will navigate the push by the country’s largest airlines to ensure that they maintain their leading positions in the market. But all airlines serving Colombia are working to exploit some forecasts showing total passenger levels could reach 100 million during the next decade.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.