For the civil aviation industry in Latin America and the Caribbean, the COVID-19 pandemic represented an estimated passenger revenue loss of more than ** billion U.S. dollars in 2020, when compared to the previous year. For the first half of 2021, it was expected that, in a worst-case scenario, the passenger revenue declines in the region could amount to nearly ** billion dollars. The Latin American and Caribbean air passenger traffic could also drop during those months by approximately ** million travelers.

In the first half of 2021, the civil aviation industry in Latin America and the Caribbean is expected to continue to experience the effects of the COVID-19 pandemic. During the first three months of that year, it was estimated that airlines operating in the region could lose up to **** million passengers. At the beginning of the pandemic, around **** million passengers did not travel in Latin America and the Caribbean.