Argentina’s more liberalised approach is fuelling capacity growth and attracting new entrants to the market. However, IATA has stressed that the country’s government must address infrastructure concerns in order to fulfil its potential and become a regional aviation powerhouse.
China will displace the US as the world’s largest aviation market in 2022, while the country's seat capacity this year is set to top 800 million for the first time.
Global airlines carried 3.8 billion passengers on scheduled services last year, an increase of 7 percent on the previous 12 months, representing an additional 242 million air trips.
Peter Cerdá, the regional vice president in the Americas for IATA, discusses the future of Latin America, infrastructure concerns and trends throughout the region.
Africa is set to be one of the fastest-growing aviation regions over the next 20 years, with annual expansion averaging nearly five percent. This opens up incredible economic opportunities for the continent’s 54 nations. By transporting some 70 million passengers annually, aviation already supports some 6.9 million jobs and $80 billion of economic activity on the African continent.
