Traffic volumes: majority-owned international subsidiaries

Passenger volumes

Brazil

Around 235 million passengers were conveyed in the Brazilian aviation sector in 2025. Compared to the previous year, domestic traffic increased by 8%, while international traffic rose by as much as 13%. Overall, this corresponds to year-on-year growth of 9%. As a result, the Brazilian aviation sector has reached a new high.

Florianópolis

Passenger volumes at Florianópolis Airport increased by around 6% year-on-year, reaching a new high with a total of 5.2 million passengers. This record is primarily due to strong growth in the international segment: more than 1.2 million international passengers were counted in 2025. Florianópolis thus ranks third among Brazilian airports in terms of the number of international passengers. There are currently five regular international flights from Florianópolis: serving Buenos Aires (Ezeiza and Aeroparque), Santiago, Panama City and Lisbon.

Vitória/Macaé

Passenger volumes at the Vitória and Macaé airports recorded a significant year-on-year increase of 13%. The main reason for this strong growth was the lifting of the previous restriction on flights between Vitória and Santos Dumont municipal airport in Rio de Janeiro. In Macaé, the new runway was completed in the year under review; however, commercial operations have not yet resumed and Macaé continues to serve as an important helicopter airport.

Natal

Natal Airport in north-eastern Brazil recorded a significant year-on-year increase in passenger volumes of around 23% in 2025. This growth is primarily attributable to the timing of the acquisition of the airport in February 2024. Since December 2025, the Argentine subsidiary of the Chilean airline of the same name, JetSmart, has also been offering direct flights from Natal to Buenos Aires three times a week.

Chile

Chilean air traffic grew marginally at around 1%. Domestic traffic declined due to capacity and frequency adjustments by airlines, while international traffic remained stable. The slowdown in growth in the domestic market can be explained by lower demand and consequently more cautious airline strategies.

Antofagasta

Traffic normalised after several years of strong growth. Although mining continues to provide structural demand, reduced frequencies and limited capacity resulted in a stable trend in traffic volume.

Iquique

Passenger volumes declined compared to the previous year due to weaker domestic demand, capacity reductions and the shift in holiday travel to international destinations. Delays related to regulation and investment further constrained short-term growth.

Key data