Outlook 2024: Mexico and Colombia's aviation sectors could have another eventful year in 2024

Two of Latin America’s largest aviation markets – Mexico and Colombia – are closing out an eventful 2023.

Mexico has finally received a safety upgrade from the US, which results in Mexican airlines resuming growth to the country. Additionally, Mexico’s government has enlarged its role in the aviation sector throughout 2023, culminating in plans to revive the Mexicana brand. 

Colombia has witnessed two of its airlines exit the market in 2023; but incumbent airlines quickly moved to fill in the gaps created by the demise of Viva Air and Ultra Air. The country’s airlines also face familiar infrastructure constraints at Colombia’s largest airport – Bogotá El Dorado International. 

As 2023 draws to an end, it’s clear that airlines in Mexico and Colombia face both opportunities and challenges in 2024 – a year that could prove to be just as significant in those markets as was 2023.