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Peru's market grows rapidly as TACA builds domestic share and LAN continues international push

Analysis

Air traffic in the Peruvian domestic and international markets continues to grow steadily as overall traffic growth in Latin America remains strong despite weakening economies in Europe. Through the first five months of 2012 Peru recorded 14% growth year-over-year in domestic passengers carried as TACA Peru continued to build up its market share after making a two-phased expansion into the domestic space starting in 2010.

Peru's international market also has been growing rapidly, expanding by 15% through the first five months of 2012. Peru's largest carrier and TACA Peru's main rival, Lan Peru, has been expanding its international operation and is now planning another push from its Lima hub to leverage the combined network of new parent LATAM to capitalise on connecting passengers from North America, which should further bolster Peru's international market.

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