In terms of passenger capacity, the air carrier market in Latin America for domestic traffic is mainly dominated by South America’s largest low-cost airline, GOL, and the Chile-based airline group, LATAM, followed by Azul and Avianca. Handling more than 38 million passengers every year, GOL Linhas Aéreas Inteligentes (commonly known as GOL) is based in São Paulo, Brazil and has the third largest aircraft fleet in Latin America.
LATAM Airlines is one the largest airline groups in the world after the merger of LAN Airlines with TAM Airlines and its subsidiaries. With almost 514 million U.S. dollars in operating income, the airline transported close to 67 million passengers and handled cargo on almost 3.5 billion ton kilometers in 2016.
Avianca is the second oldest operating airline in the world and holds the highest domestic traffic market share in Colombia. In 2016, the airline transported around 29.5 million passengers worldwide and generated some 853 million U.S. dollars in operating revenue from its cargo operations.