Mexico: domestic market share of major airlines 2019

In 2019, the domestic airline Volaris serviced the largest share of air traffic within Mexico at approximately 31.3 percent. Grupo Aeroméxico — the owner of the nation's flag carrier company Aerovías de México or "Aeroméxico" — followed Volaris with just under a quarter of all domestic air traffic.

Air traffic at a standstill

Like many governments in Latin America, Mexico has declined airline bailouts in the wake of the COVID-19 pandemic. As the crisis persists, Latin America's total loss of airline passenger revenue due to the coronavirus outbreak is likely to be higher than the 18 billion U.S. dollars predicted in April 2020. That same month saw a 98.3 percent decline in the number of kilometers traveled by paying passengers in Latin America, bringing air traffic across the region to a halt.

Changes in capacity

In the second quarter of 2020, total airline capacity in Latin America is estimated to have dropped by 80 percent. Previously, the low-cost carrier Volaris offered the highest number of seats of any Mexican airline, with Aeroméxico and Interjet close behind. Though Volaris accounted for the largest portion of air traffic, its overall revenue was less than half that of Aeroméxico, which operates at a larger scale internationally, compared to Volaris' mostly domestic and regional connections in Mexico, Central America, and the United States.