Peru domestic airline market opens and new entrants possible

Peru’s domestic aviation market has opened up, which is a good sign for aviation in Latin America. However, similarly to other areas in the region, the country is still battling rising case numbers of COVID-19.

Despite the rising case counts, Peru’s low cost airlines seem somewhat optimistic about the restart of flights. The country’s domestic market has changed during the last year as a couple of larger airlines have ceased operations, leaving the market leader LATAM Airlines Peru and two larger low cost operators.

Another airline aims to enter the Peruvian market, with JetSMART outlining ambitions to launch a new subsidiary in the country. Those evaluations reflect a certain optimism about Latin America’s potential over the long term.

Summary:

Peru’s domestic airspace opens up, and the country’s low cost operators are working to restart their operations.

The domestic market has shaken out, with the bulk of passengers in 2020 being transported by one full service airline and two low cost carriers.

JetSMART has expressed an interest in Peru’s domestic market, but when the company could debut in the market is so far unknown.