Colombia

Market overview

Colombia is one of Latin America's busiest air markets, centred on Bogotá. Airlines carried about 57.5 million passengers in 2025, up only 1.7%, as competition shifted. Avianca remains the leader with 22.1 million passengers (38.4% of the market), but its traffic fell 3.3%. LATAM carried 9.7 million, also down. Low-cost carriers grew: JetSmart more than doubled to 4.4 million, and Wingo carried 3.4 million. Avianca and LATAM together still hold 55.4% of the market. The big infrastructure project is El Dorado Max, a private proposal to expand Bogotá's airport to 73 million passengers a year. It would double the terminal area, almost double the boarding bridges from 39 to about 75 and expand aircraft parking to about 129 stands. The concession is expected to be awarded in late 2026 or early 2027. For suppliers, the openings are in large terminal and airside contracts, airport systems, cargo facilities and MRO for a growing low-cost sector.

Key facts

• About 57.5 million airline passengers in 2025, up 1.7% (Aerocivil, Feb 2026).
• Avianca carried 22.1 million passengers (38.4% share, down 3.3%); 52.9% of them were domestic (Feb 2026).
• JetSmart carried 4.4 million passengers in 2025, up 132.3% (Feb 2026).
• Avianca and LATAM together carried 55.4% of all passengers in 2025 (Feb 2026).
• El Dorado Max: target of 73 million passengers a year, boarding bridges up from 39 to about 75, and about 129 aircraft stands (Jan 2026).

Key figures

Source: World Bank, World Development Indicators (CC BY 4.0).

Did you know

Bogotá El Dorado is one of Latin America's busiest airports.