Fuel suppliers, airlines, airports and governments should coordinate more closely so they are better aware of oil shortages in time to make alternative plans.
The steep increase in oil prices since the war between the U.S., Israel and Iran began is even more acute for airlines, which are seeing costs of jet fuel increase from around $90 per barrel (p/b) to between $180 and $220 p/b.
Taxes and fees applied on passengers are prompting a rallying call from Latin American airline executives for governments and others to address the situation.
Cerda has been with IATA since 1996, a familiar figure in Latin American and Caribbean aviation lobbying governments on behalf of the region’s airlines.
Caribbean governments, airport authorities and tourism organizations call for more air service but they face long-time and new hurdles to attracting airlines.
Governments must do more to safeguard the future of aviation to ensure vital services are not lost once the COVID-19 pandemic is over, three airline associations have urged.
The aviation industry in Latin America and the Caribbean has huge promise to grow over the coming years, but it must address a series of challenges if it is to fulfil its enormous potential.
The International Air Transport Association (IATA) has urged governments in Latin America and the Caribbean to work with industry to make infrastructure a priority in unlocking aviation’s economic and social benefits. Passenger demand in Latin America and the Caribbean is expected to more than double from 298 million in 2015 to 658 million in 2035.
