Latin America growth could slow if infrastructure challenges are not addressed

Latin America is facing a huge infrastructure crunch and a growing risk that airport congestion could impede further rapid growth in passenger traffic. Most of Latin America's major airports are congested and way behind the curve in responding to the growth of the last decade and preparing for the anticipated growth of the next decade.

The Latin American airline industry has recorded rapid growth over the last 10 years and has become one of the world's largest emerging markets. But infrastructure has not expanded nearly as fast and most of the region's governments are still not responding fast enough, according to Latin American and Caribbean airline association ALTA.