In March 2026, international air cargo transported to, from, and within Latin America and the Caribbean reached 346,930 metric tonnes. This represents a 4.2% year-on-year increase compared to March 2025 and the highest growth recorded so far in 2026. Brazil, Colombia, and Mexico remained the three largest markets in the region, and for the first time this year, all three recorded year-on-year growth in the same month.

International air cargo in March 2026: key results:
- The top three international air cargo markets in the region were:
- Brazil: 79,274 metric tonnes
- Colombia: 69,782 metric tonnes
- Mexico: 57,418 metric tonnes
- For the first time in 2026, the region’s three largest markets all grew in the same month:
- Brazil increased 0.9%, Colombia 6.2%, and Mexico 0.4% year-on-year.
- Regional growth was concentrated in three markets:
- Colombia (+4,097 tonnes), Argentina (+3,993 tonnes), and Panama (+2,581 tonnes) accounted for more than 90% of the net regional increase in March.
- Argentina led growth in percentage terms among the main markets:
- Growth reached 25.1% year-on-year, driven by the Argentina–United States corridor, which increased 58%.
- Brazil returned to growth after seven consecutive months of contraction:
- International air cargo volumes reached 79,274 tonnes, up 0.9% year-on-year, the highest ever recorded for a March since 2000. The Brazil–United States corridor totaled 38,615 tonnes and fell 2.9%, though the decline was smaller than observed in January and February.
- Air cargo traffic between the United States and Latin America and the Caribbean maintained growth:
- Air cargo traffic increased 2.2% year-on-year in March. The Argentina–United States corridor grew 57.5%, while for the January–March period the regional market with the United States recorded a 0.4% decline.
- Air cargo traffic between Spain and Latin America and the Caribbean continued to grow:
- Air cargo traffic increased 4.7% year-on-year in March, driven primarily by the Brazil–Spain (+22%) and Spain–Mexico (+8.6%) corridors.
“March confirms positive news for LAC: 4.2% growth in international air cargo, with the three largest markets—Brazil, Colombia, and Mexico—growing simultaneously for the first time in 2026, and Argentina and Panama driving the net regional increase. Argentina’s leadership, with 25.1% growth—the highest in the region—demonstrates what liberalization generates; preserving it requires that any regulatory measures in the region be developed in dialogue with the industry, especially in a global context of pressure on operating costs“, said Peter Cerdá, CEO of ALTA.
The full analysis of this report, including country-level detail, is available at: ALTA Cargo Report – March 2026