More than two years after the Covid-19 pandemic hit the world, the world is now returning to its normal, with Travel restrictions easing down. It has increased demand in the aviation sector, and airlines have been doing their best to cope with the surge in demand.
Recently LATAM Airline Brazil increased its capacity by a whopping 245% in the South American nations of Peru, Argentina, and Chile. It is to note that the aviation sector growth in these regions has been on a growth trajectory compared to the same time the previous year. The aviation sector is bouncing back from the pandemic era.
Recovery Trajectory
LATAM Airline Brasil found that there has been an increase in the frequency of travel from Brazil to Peru, Argentina, and Chile. In the first half of the yea,r from January to July 2022, there was a 245 % capacity increase compared to the first half of 2021.
Interestingly, among LATAM Airlines’ international passengers, Peru, Argentina, and Chile accounted for 80% of South American passengers. LATAM Airlines has resumed 20 international destinations from Brazil compared to 26 in the pre-pandemic era.
High Demand
As the world grapples with the Covid-19 pandemic, a worldwide infectious disease, governments imposed travel restrictions until last year. This year travel is getting back on track with travel restrictions easing out across the world.
LATAM Airlines data points that the carrier has been getting quadruple passenger traffic to Peru, Argentina, and Chile in the 2022 first half compared to last year. Slowly and steadily, the world is getting over the pandemic phase. And the increase in passenger demand is the result of it.
LATAM Airlines’s director of sales and marketing, Aline Mafra, said they are to follow an organic plan to return to normal pre-pandemic operations. As there is a demand spike, LATAM Airlines is focusing on resuming already added destinations but on adding new routes to their list.
LATAM Airlines has said that among the international passenger volume, almost 15% is for Argentina. In 2022, its estimated passenger frequency flying to Buenos Aires grew by five times compared to last year.
And, also Chile accounts for 38% of LATAM Airline’s international passengers, while Peru accounts for 18% of passenger volume.
On the Road to Recovery
In some measures of the bankruptcy proceeding in the US, LATAM airline has updated its business plan and given its passenger projection for the coming years. LATAM airline believes in achieving the pre-pandemic recovery in domestic space by the end of 2022 and in the international sector by 2024 end.
