Top 10 Airlines in Latin America, By Passenger Numbers

Latin American carriers did not fare as well as expected in 2015, hurt by the deepening economic crisis in Brazil, weak commodity prices and adverse currency fluctuations, according to the International Air Transport Association's (IATA) industry outlook.

The region is expected to finish 2015 with a $300 million loss, but the good news is it's expected to reach a $400 million profit in 2016, adding that the region is expected to see a robust capacity growth of 7.5 percent in 2016 on the strength of demand on links with North America. 

  • 01 of 10

    LATAM Airlines Group S.A. is the parent company for Santiago, Chile-based LAN Airlines and Sao Paulo, Brazil-based TAM, along with affiliate carriers in Peru, Argentina, Colombia, and Ecuador. The combined carriers serve 140 destinations in 24 countries and cargo services to about 144 destinations in 26 countries, with a fleet of 328 aircraft and approximately 53,000 employees.

  • 02 of 10
    ••• Photo courtesy of Gol

    This Sao Paulo, Brazil-based low-cost carrier has been in business for 14 years. It offers what it calls the most extensive and convenient route network in South America and the Caribbean, with almost 900 flights a day to 62 destinations, domestic and international, in 13 countries. 

  • 03 of 10
    ••• Photo courtesy of Avianca

    This Colombia-based carrier, originally founded in 1919, is part of Avianca Holdings S.A. It serves more than 100 destinations in 27 countries in the American continent and Europe, with hubs in Bogota, El Salvador, and Lima. 

  • 04 of 10

    Azul Linhas Aereas

    ••• Photo courtesy of Azul

     This Barueri, Brazil-based low-cost carrier was formed in May 2008 by David Neeleman, the founder of New York-based JetBlue Airways. The airline says it has the largest airline network in Brazil in terms of cities served, with service to more than 100 destinations.  The carrier began flying to the United States in 2015.

    Continue to 5 of 10 below.
  • 05 of 10
    ••• Photo courtesy of Aerolineas Argentinas

    Formed in 1949, Argentina's flag carrier is based in Bueno Aires and has been run by the government since 2008. The carrier serves more than 30 domestic and more than 20 international destinations in Europe, the Americas, and Australasia with a fleet of 54 aircraft.

  • 06 of 10

    Aeromexico

    ••• Photo courtesy of Aeromexico

    The country's flag carrier operates more than 600 flights a day to more than 80 cities on four continents -- 45 destinations in Mexico, 16 in the United States, 16 in Latin America, three in Europe, three in Canada, and two in Asia. Its fleet of more than 120 aircraft includes the Boeing 787 Dreamliner, 777 and 737 jets, the Embraer ERJ-145, E170, E175, and E190s. 

  • 07 of 10

    TAME

    ••• Photo courtesy of Sylvain2803 via Wikipedia

    The flag carrier of Ecuador, founded in 1962, serves nearly 6,000 passengers a day are transported on our aircraft, on domestic and international routes using a fleet of 20 aircraft: 10 Airbuess (A330, A320, A319), four Embraer E190s, three ATR 42-500s and three Kodiaks.

  • 08 of 10
    ••• A TACA Airbus A320 at Los Angeles International Airport. Photo courtesy of Skinnylawyer, via Wikimedia Commons

    This carrier, formerly known as TACA Airlines, is a subsidiary of Avianca Holdings S.A. It serves 50 destinations around the world with a fleet of 58 aircraft.

    Continue to 9 of 10 below.
  • 09 of 10
    ••• A Copa Airlines Boeing 737 at Los Angeles International Airport. Photo by Alan Wilson, via Wikimedia Commons

    This Panama-based carrier, founded in 1947, operated 326 daily flights to 73 destinations in 31 countries in North, Central and South America and the Caribbean. It operates a fleet of 103 Boeing and Embraer jets.

  • 10 of 10
    ••• By Santiago Narayana, via Wikimedia Commons

     This Medellin-based low-cost carrier, which started flying in May 2012, serves 15 destinations in five countries. It began Medellin-Miami service in December 2015. The airline operates nine Airbus A320s.