Currency devaluation in Brazil and Argentina combined with volatile oil prices are forcing Latin American operators to take a cautious approach to 2019, but domestic demand in these two markets appears to be stable as customers opt for domestic instead of international travel.
The growth of Latin American ULCCs and low cost airlines continues unabated as new start-ups in Chile and Argentina work to grow their respective market shares domestically; however, yields in those markets are likely to remain under pressure well into 2019.
Does uncertainty blanket the future for the Latin American aviation sector and what is the outlook for the next five years? As one the discussion topics at the forthcoming CAPA Latin America Aviation & LCCs Summit, CAPA - Centre for Aviation will examine what historical drivers have impacted aviation previously, and look what is the likely of future growth, especially in relation to important routes such as Latin America to Europe and Latin America to the US.
As the foremost authority on aviation in the world, CAPA - Centre for Aviation's events provide cutting edge knowledge about strategic market trends and dynamics to help attendees make informed decisions, delivering the information and connections needed to inspire and improve business. The CAPA Latin America Aviation & LCCs Summit will take place in Curaçao on 16-17 September 2019.
The Latin American aviation industry is undergoing some dynamic changes. Airport and airspace infrastructure is improving, and airline operating efficiencies are rising. Airport privatisation processes are well underway and the global alliances framework is well established. Open access arrangements are taking hold and regional economies are recovering, driving a buoyant travel demand picture.
But Latin American's full service airlines could be performing better, particularly in the mission to unlock top line revenue improvements. What are the strategies the region's airlines should be adopting, based on best practice from other regions and other sectors? Can they better leverage data, loyalty, distribution and ancillaries to produce better revenue outcomes and thereby drive improving profitability?
Meanwhile a crop of new low cost carriers continue full steam ahead, opening up exciting new markets in their efforts to stimulate traffic in the region. But like their full service counterparts, they too face their own hurdles, with infrastructure constraints, high costs and an underbanked population potential stumbling blocks to further growth.
The CAPA Latin America Aviation & LCCs Summit returns for a third year to explore the key strategic issues impacting the Latin American aviation sector, with Day 1 focusing on the regional aviation outlook and Day 2 dedicated specifically to issues affecting the region's LCCs. This event, hosted at the Santa Barbara Beach & Golf Resort Curaçao, is a must attend for those seeking to learn from, network and collaborate with today's travel industry leaders!
FIND OUT MORE… visit the CAPA Latin America Aviation & LCCs Summit homepage to find out more about this not-to-be-missed opportunity to discuss relevant issues impacting the aviation sector and learn meaningful insights from your industry peers.
