The Mexican aviation market has been in almost constant flux and overwhelmingly unprofitable in the past decade. The turbulence generated seven airline casualties between 2007 and 2010, including the market’s biggest casualty during the recession, former oneworld carrier Mexicana. The market looks to have stabilised following the exit of Mexicana, which was the country’s largest international carrier, with a healthy group of four dominant carriers – comprising one legacy and three low-cost carriers. Mexico’s growth fundamentals remain sound, with a large population, strong economic growth and a population spread over large area.
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