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Weekly report on Cuba's tourism industry
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  NewsTourism |  Business |  Health |  Sports |  Culture
Latin American Air Sector Makes Millions in Profits
Monday, January 1, 2018



Madrid.- Commercial aviation in Latin America is expected to report profits of 900 million dollars in 2018.

That estimate accounts for a 28.6-percent increase in contrast to 017, when profits amounted to about 700 million dollars.

In addition, the demand from passengers will increase next year by 8 percent, more than the growth predicted in terms of capacity (7.5 percent).

The airlines will keep three dollars per passenger they carry, much lower than the 16-percent yield reported by U.S. companies.

In the case of Latin America and the Caribbean, air transportation contributes nearly 167 million dollars to the Gross Domestic Product and generates 5.2 million jobs.



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