MARKETS
Latin America and the Caribbean
The fastest-growing region for air travel, home of Embraer and early air-taxi and drone services.
Countries
Latin America's largest market and home of Embraer, with major airlines, a large business-aviation sector and early air-taxi and drone services.
LATAM's main base in Santiago serves a long, thin country where air travel connects distant regions.
Avianca's home and Bogotá's El Dorado, one of Latin America's busiest airports, with a fast-growing low-cost sector.
A large market led by Aeroméxico, Volaris and Viva, with an aerospace manufacturing cluster in Querétaro and the north.
Compare the region
| Brazil | Passengers: 95,398,485 (2023) | Air freight (m t-km): 1,387 (2023) | Departures: 791,523 (2023) | Directory companies: 38 |
| Mexico | Passengers: 78,763,320 (2023) | Air freight (m t-km): 1,091 (2023) | Departures: 556,879 (2023) | Directory companies: 26 |
| Colombia | Passengers: 42,399,044 (2023) | Air freight (m t-km): 1,936 (2023) | Departures: 373,147 (2023) | Directory companies: 12 |
| Chile | Passengers: 21,323,388 (2023) | Air freight (m t-km): 1,499 (2023) | Departures: 144,494 (2023) | Directory companies: 11 |
| Argentina | Passengers: 21,057,811 (2023) | Air freight (m t-km): 136 (2023) | Departures: 156,614 (2023) | Directory companies: 9 |
| Peru | Passengers: 17,717,403 (2023) | Air freight (m t-km): 299 (2023) | Departures: 125,564 (2023) | Directory companies: 8 |
| Panama | Passengers: 15,750,293 (2023) | Air freight (m t-km): 144 (2023) | Departures: 123,804 (2023) | Directory companies: 6 |
Source: World Bank, World Development Indicators (CC BY 4.0).
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