Freight forwarders and logistics companies serving the Americas no longer think of the region’s air network as a peripheral add-on to ocean freight. Latin American airports now handle everything from export flowers and pharmaceuticals to e-commerce parcels on overnight schedules. With volumes showing a steady growth path—and with governments racing to upgrade runways, cold-chain rooms, and free-trade zones—these gateways are transforming how independent forwarders plan routings, price capacity, and promise lead-times to customers.

The Latin American air freight market, valued at $1.04 billion USD in 2025, is projected to experience sustained growth, driven by expanding e-commerce, increasing cross-border trade, including inter-Latin American trade. Key growth drivers include the rising demand for more reliable and quick turnaround delivery services, particularly for perishable goods and high-value products.

Global air cargo demand rose by 3.4% in 2025 compared with the previous year, according to data released by the International Air Transport Association (IATA).

At the same time, total capacity, measured in available cargo ton-kilometers (ACTK), increased by 3.7% year on year. For international operations, demand rose by 4.2%, while capacity increased by 5.1%.

Latin America Air Freight Industry Concentration & Characteristics

The Latin American air freight industry has been defined by a moderate level of concentration, with a few large global players dominating but now also including several significant regional carriers. While FedEx, UPS, and DHL hold substantial market share, particularly in international freight, regional players like LATAM Cargo, Avianca Cargo (Tampa Air), and Aeromexico maintain strong positions in domestic and regional routes.

Other leading players in the Latin American airfreight industry include IAG Cargo (UK), Copa Airlines (Panama), American Airlines, Delta Airlines, Azul Cargo Express (Brazil) and Emirates Skycargo.

Nicholas Sutherland’s opinions and claims are his own, and not necessarily those of Finance Colombia.

Regional Growth Drivers

• E-commerce explosion – Same-day and next-day service expectations are migrating south, driving express integrators to expand cargo terminals in Latin America and sign block-space agreements with regional carriers.
• Perishables dominance – Colombia, Ecuador, Peru, and Chile collectively ship more than 1.5 million tons of flowers, fruit, seafood, and pharma each year—commodities that depend on airport infrastructure for freight with reliable 2-8 °C corridors.
• Pharmaceuticals – Colombia, Mexico and Brazil stand out as not only having large national companies, but also some of the largest pharma companies in the world have factories in these countries.

Electronics, jewelry, auto parts, specialized machine parts, and high-value textiles are also driving increased traffic.

Latin America’s Hub Status

For years, Latin America has been spoken of primarily as a supplier, a hub for perishables, electronics, and auto parts feeding the U.S. and Europe. Fast forward to 2025 and something is unmistakably clear: the region is no longer merely sourcing for the world. It is becoming one of the most strategically viable air cargo growth engines, driven by nearshoring, rising consumer markets, and accelerated infrastructure investment.

Leading Locations

Mexico

 Since 2023 the Felipe Ángeles International Airport, also within the Greater Metropolitan Area of Mexico City, has now surpassed the Benito Juarez airport for air cargo with 2025 figures showing 413,224 metric tons in air cargo traffic.

The International Airport of Mexico City, known officially as Benito Juárez International Airport, stands out as the largest airport in the country and is now the second busiest air cargo hub in Mexico and number three in the LATAM region. The figures underline the importance of this hub. In January 2022, the air terminal managed a total of 41,650 tons. In 2023, this number rose to 47,206.8 tons, reflecting an important increase of 5,556.8 tons. It is important to mention that this airport also acts as a center of operations and connections (HUB) for the Mexican airline Aeroméxico, further strengthening its strategic position in the airport and logistics scenario in the region.

The International Airport of Cancun (CUN), located in the Mexican Caribbean, is a major hub in cargo handling in Latin America. With leading-edge facilities and advanced systems for the processing of goods, the airport handles a diversity of products, including consumer goods, textiles, electronic parts and pharmaceutical products. Its strategic location makes it crucial for trade routes between North America, Latin America and Europe and it has undergone constant growth in its volume of cargo.

Colombia

El Dorado International Airport is in Colombia’s capital city, Bogotá, and stands out as the third most important airport in Latin America in terms of freight volume. It registered a 2024 throughput of 809,00 tons, with flowers, perishables and pharma being the main categories.

Colombia has consolidated its position as a world leader in the export of a wide range of products, including products derived from agriculture, foodstuffs and chemical products. The airport has also been consolidated as the center of strategic operations (HUB) for international airline, Avianca.

Two 3,800 m runways at 8,360 ft elevation make BOG a purpose-built wide-body freighter hub. Cargo airlines position here to bridge east-west schedules across the Caribbean, giving forwarders same-night connections into MIA, AMS, and DOH.

Panama

Tocumen International Airport (PTY), Panamá City handled 216,653 tons in 2024 (a 4% increase over 2023). PTY sits astride the Colón Free Zone and the Panamá Canal rail link; a third runway is budgeted for development in 2027 to future-proof capacity.

A new development project called “Tocumen Cargo City”, with an area of 124 hectares, which includes the concession for the development of the cargo terminal and logistics zone, was announced in 2024. This project will take advantage of Tocumen’s competitive advantages as the region’s main air hub that connects daily more than 80 commercial destinations, and more than 50 air cargo destinations integrating a multimodal axis with the country’s maritime and land transport operations,

 Peru

Jorge Chávez International Airport is in the region of Callao, outside of the metropolitan area of Lima (Peru). It stands out as the center of operations and connections for LATAM Airlines.

In 2023 the airport handled 230,993 tons of air freight. The largest quantities of air export products were fresh asparagus, blueberries, salmon and other seafood. In 2024, the airport also added another runway and a new passenger terminal with an adjoining logistics park.

Brazil

São Paulo-Guarulhos International Airport (GRU) had a throughput of 235,600 tons in 2024. Air-sea multimodality is boosted by a 90-minute drive to the Port of Santos. Automotive, machinery, pharma cold-chain (largest airport cool-store in Brazil) are the highest categories of products.

Campinas Viracopos (VCP) airport, in Sao Paulo state (not the city) handles roughly one-third of Brazil’s imported air freight and was voted 2024 Cargo Airport of the Year by routesonline.com . It boasts a 90,000 m² cargo terminal with 11 dedicated cold rooms and a live-animal zone.

 Looking Forward

Governments are aware that there is now fierce rivalry to attract air cargo logistics operations and several have identified the sector as a key segment which would improve the competitiveness of their economies and stimulate economic growth and create skilled employment opportunities. Integration of air cargo, ports, incentives and free zones have become a cornerstone for attracting logistics and manufacturing companies.

Cargo airports in Latin America are writing the next chapter in hemispheric logistics. For independent freight forwarders, and other investors, these hubs are not just transit points, they are strategic pivot points to shorten lead times, diversify modal risk, and command premium margins in niche verticals. Airports are emerging as focal points in this new logistics landscape. Policy support, geography, and international partnerships are essential to attracting international operators and service providers.

Several countries have made successful initiatives to increase investment in the multimodal logistics space including the Dominican Republic, El Salvador (with a focus on increasing Maintenance Repair and Overhaul operations) Ecuador and La Aurora International Airport in Guatemala becoming a major hub, with LAATS, a Guatemalan logistics and freight company, managing all regular cargo flights there.

Attracting Investment in the Caribbean

For countries in the Caribbean to consider becoming air cargo logistics locations, they require international operators to view them as viable long-term locations, therefore several factors need to be considered.

Cold-Chain certification is a cornerstone for diversified airfreight operations. Pharma shippers demand IATA CEIV or WHO GDP accreditation. GRU, VCP, and LIM all hold multiple certifications, allowing forwarders to move temperature-controlled cargo without auxiliary containers significant cost saving.

Customs & Free-Zone Synergy have been the defining characteristics of a country’s success. Many airports interface directly with bonded zones or inland ports. Panama’s Tocumen International Airport’s on-airport logistics park and Panama Pacifico free zone cut transfer times by 24 hours compared with off-site warehousing.

Customs Harmonization and Focused Incentives

Caribbean countries must consider integration of the electronic DUCA-F, a fundamental document for the export of products originating in a Central American country to other countries in the region, within the framework of current trade agreements. It integrates and connects the customs systems of the six countries that make up the Central American region. This interconnection significantly improves customs controls, allowing for the automatic validation of declared data and real-time verification of approvals issued by the single windows and customs authorities of each country.

Airports may waive or discount landing fees for 1–2 years to attract new carriers or new routes. Sao Paulo’s Viracopos International Airport in Brazil runs an incentive program for cargo carriers as it looks to strengthen international hub’s cargo activities. The program aims to develop Viracopos as an international cargo hub, and the gateway’s operator – Aeroportos Brasil Viracopos – wants to increase the number of international flight routes and cargo frequencies. Some of these incentives include 100% exemption of landing fees for operations at the airport’s cargo terminal for the first 24 months of a carrier’s cargo operation.

Like landing fees, building rents can be discounted for air cargo carriers. For example, St. Louis International Airport offers 18 months of waived terminal building rents and landing fees for new transoceanic service and related logistics. Income tax exemptions for the first four (4) years of operation and reduced tax rates (sub 10%) for air cargo-related logistics operations are other ways to compete with nearshore rival locations. Income tax exemptions on rental for developers are essential for infrastructure development. These exemptions can be for twenty years, combined with a reduced tax rate for the following years.

Several Caribbean countries have declared intentions to compete for investment in air logistics, however very few (except for the Dominican Republic) have made it a priority with an accompanying tactical and focused execution plan. Caribbean countries who wish to position themselves as an air cargo hub need to have feasibility studies done by internationally recognized logistics companies along with a well-defined plan for what reasonable short-term and long-term success looks like. It’s also essential to have a realistic outlook of what each country can offer, rival strengths and incentives and a clear understanding of any deficiencies which may pose headwinds to their stated goals.

Colombia’s president, Gustavo Petro, triggered yet another diplomatic rupture in South America on Sunday after denouncing Chile’s president-elect, José Antonio Kast, as a “Nazi,” rejecting the legitimacy of Chile’s democratic choice and sharply diverging from the cautious language typically observed between regional leaders.

Petro’s remarks came within hours of Kast’s decisive victory in Chile’s presidential runoff, in which the conservative candidate secured more than 58 per cent of the vote, defeating hard-left contender Jeannette Jara. Jara conceded promptly, saying that “democracy has spoken loud and clear” and wishing Kast success “for the good of Chile.”

Petro, however, used his social media platform X to frame Kast’s victory as evidence of an advancing wave of fascism in Latin America. “Fascism advances. I will never shake hands with a Nazi or a Nazi’s son, nor will I; they are death in human form,” the Colombian president wrote.

In a retort that called for Chileans to “take care of Neruda’s tomb,” Petro went on to equate Kast’s electoral mandate with the legacy of former dictator Augusto Pinochet. “It’s sad that Pinochet had to impose himself by force, but sadder now is that the people choose their Pinochet: elected or not, they are sons of Hitler and Hitler kills the people,” Petro said, adding that Latin Americans “know how to resist.”

The language marked one of the most explicit attacks by a sitting South American president on a democratically elected counterpart in recent years and raised immediate concerns about the state of Colombia – Chile relations, historically among the region’s most stable.

Kast’s victory completes a broader rightward shift in South American politics, following the election of Javier Milei in Argentina, Daniel Noboa in Ecuador and Nayib Bukele in El Salvador, while Bolivia recently ended nearly two decades of socialist rule with the election of centrist Rodrigo Paz. Petro, the region’s most unhinged left-wing leader, with just eight months remaining in his presidential term, appeared to ignore the potential diplomatic fallout of his remarks.

Within hours of Petro’s statement, US Republican Congressman Carlos Gimenez responded sharply, writing: “This guy (Petro) went too far with the drugs and alcohol. This is the real Gustavo Petro: incoherent, hateful, and schizophrenic.”

Former Colombian president Álvaro Uribe Vélez praised Chile’s electoral process and congratulated Kast, saying the vote had taken place peacefully and reflected citizens’ concerns about security and institutional stability. Uribe described Kast as “a guarantee for democratic institutions” in Chile and the wider region.

Another former president, conservative Andrés Pastrana, issued a sharply worded rebuke of Petro, saying the comments were “inappropriate and irresponsible” and did not represent Colombians nor the long-standing spirit of cooperation between Bogotá and Santiago.

Criticism also came from current lawmakers. Federico Hoyos, a congressman from the department of Antioquia, said Petro had “abandoned his role as head of state” and was acting instead as an “ideological agitator “unwilling to engage with leaders who do not share his views. Andrés Forero, a House representative from the opposition Centro Democrático party, accused Petro of disrespecting the sovereign will of Chilean voters, telling Colombians: “Let’s not fool ourselves, Petro is not a democrat.”

While Petro reviles diplomacy, Kast received public congratulations from international figures across the hemisphere. María Corina Machado, Venezuela’ opposition leader and 2025 Nobel Peace Prize Laureate, praised Chile’s election as “an extraordinary electoral day, an example for many nations of Latin America and the world.”

Addressing Kast directly, Machado wrote: “To the president-elect of Chile, José Antonio Kast, I send my affection and congratulations for the trust he has received. In the name of the Venezuelans, I wish him great success in his government.” She added that Venezuelans hoped to count on Kast’s support “to ensure an orderly transition to democracy in Venezuela” and to help build “a safe, prosperous and free hemisphere.”

Machado’s intervention was notable given her continued persecution by the regime of Nicolás Maduro and her public appearance at the Nobel ceremony last week in Oslo, her first in more than a year.

The United States also welcomed Kast’s victory. Secretary of State Marco Rubio said Washington looked forward to working with the incoming administration “to strengthen regional security and revitalise our trade relationship.”

Kast’s transition team said the president-elect would travel to Argentina this week to meet President Javier Milei, signalling an intention to align closely with like-minded governments in the region.

For Petro, the episode reinforces international perceptions that he has become an anachronism of regional politics — reliant on social-media provocation and historical revisionism.

For all the historical accuracy that seems to elude Petro, membership in Adolf Hitler’s National Socialist Party was not voluntary. While many Germans joined out of conviction, others were pressured or effectively compelled to enrol, particularly to obtain employment, documentation or travel permits. During and immediately after the Second World War, Germans seeking to live or work abroad — including in South America — were often required to disclose or document prior party affiliation to secure passports and legal work status, complicating later assessments of individual responsibility.

Michael Kast, born in 1924 in Thalkirschdorf, Bavaria, emigrated in Chile in 1946. His youngest son, José Antonio Kast (born 1966, Santiago) has repeatedly claimed his father was a Third Reich conscript.

Whether the outburst leads to lasting diplomatic consequences remains uncertain. But it has underscored how electoral change in Latin America is now accompanied not only by sharp policy shifts, but by open rhetorical conflict by a Colombian leader increasingly isolated among his regional peers, except for one ally, Venezuelan dictator Nicolás Maduro.

On Monday afternoon, Chile’s Minister of the Interior, Álvaro Elizalde, confirmed that a Letter of Protest will be sent to President Petro, stating in no uncertain terms that: “A decision has been made to uphold the point of view that has to do with Chilean democracy. Ultimately, the people of Chile decide, and we all have to respect that outcome”.