Viva Aerobus, EVP & COO, Adrian Torija, at the CAPA Airline Leader Summit – Latin America & Caribbean 2024
Viva Aerobus, EVP & COO, Adrian Torija, spoke to CAPA TV at the CAPA Airline Leader Summit - Latin America & Caribbean 2024, in Trinidad & Tobago, about latest industry trends and company developments.
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Transcript
Adrian Torija:At the end, the grounding of the aircraft makes all of us behave rationally because you don't have a lot of issues to make the aircraft fly and get onto the market. So you have to be rational in order to be ordered and use your assets as good as you can, because if not, you're getting away of all the— The competition. Assets you can get. So it makes us be more rational than in the past. The domestic market in Mexico is growing as we are converting a lot of passengers from buses to aircraft, and we have a huge population, 130 million passengers. In a study about 10 years ago, only around 2 to 3% of the population in Mexico used to fly. So with a growth of 3 or 4%, you are doubling the amount of people flying. So the potential growth in Mexico is huge for the domestic market. The transport is around at 20% growth year to year, so it's really huge. We recovered from the pandemic in less than a year and the rest has been growing. Viva is now the leading operator in the domestic market. We have 30% of the market share and it's around 25 million passengers. So you can imagine the size of the entire market. The cross-border is still working, is still the biggest market in the world. So with the Category 1 change, we have been able to open new routes like Miami, Orlando, Oakland, and Austin. So the growth is there and it's helping us to improve the connectivity within the domestic to the international market. We try to grow at least between 10% and 15%, or whatever the capabilities of the engines allow us to do. So, so we have that, but the objective is that between 10% and 15%. If we can go grow it, we're going to go grow it. Thank you.
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