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Latin American airports are flying high, says S&P’s Candela Macchi in InfraLatinAmerica

 

Between 2006 and 2016, air traffic surged across Latin American nations; the average growth rate was triple the region’s GDP growth. This caused several airports in the region to reach maximum levels of capacity sooner than originally projected – and intensified calls for airport extension and upgrades.

In an article for InfraLatinAmerica, S&P Global Ratings director, Candela Macchi, argues that Latin American airports are still performing above expectations. She says: “Even in countries where we expect GDP growth to vary between 2% and 3% in the coming years, projects may initially see slightly lower air traffic performances than in the past five or ten years due to their restrained capacity. But, in the mid-to-long term, we expect their performances to improve, though their elasticity to growth (relative to GDP growth) may not be quite as high.”

To read the full article, please click here (subscription required).

 

Image credit: CC search user: aotaro (License)

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