Market Trends
Fourth edition of the Airbus Latin America and Caribbean Market Survey released
Airbus has just released the latest edition of its bi-annual survey on the Latin America and Caribbean aviation market. Based on responses from the industry’s top airline executives and stakeholders in the region, the report highlights market trends and best practices related to airline fleet decisions. Some key highlights from this year’s survey results include:
Industry Trends
Although there are signs of stablisation in the market, the positive outlook for the next 12 months in terms of traffic, load factor and yield continues. Economic recovery, improved infrastructure and lower fuel prices are the key drivers for growth while airport capacity and airport taxes dominate the regional infrastructure constraints. Consistent with the worldwide trend, Airbus continues to see a regional propensity to increase aircraft size not only when ordering larger modules but also when increasing the number of up-conversions, allowing to increase seat capacity, reduce unit costs and address airport and airspace capacity constraints. More range-capable, single-aisle aircraft will also increase regional connectivity and further consolidate the region as a single-aisle market.
Fleet Decisions
As with the previous surveys, reduced fuel burn is still leading the fleet decision process. The capability to generate more revenue remains a key driver with more than 40% of ancillary revenues generated in the context of the cabin.
Perception of Airbus
Once again Airbus continues to enjoy high satisfaction rates on key criteria in Latin America and the Caribbean, having increased its rating in six out of the 10 categories since the last market survey in 2017.
For the latest Latin America and the Caribbean Market Survey, click here.
For more information contact:
Paul Moultrie
Head of Marketing – Airbus Latin America and the Caribbean