A network built for how Latin America flies.
Latin America is a collection of countries with distinct economies and geographies, where air travel often is the only practical connection between cities separated by difficult terrain, and a region characterized by structurally growing demand for air travel.
Serving the Latin American air travel market requires more than one airline model. Avianca and GOL collectively reach tens of millions of passengers each year across more than 145 destinations in 28 countries. Avianca anchors the Group's international connectivity from its two hubs: Bogota, one of Latin America's best-connected airports, and San Salvador, with a network spanning North America, Central America, South America, and Europe. GOL commands Brazil's most important domestic corridors, with concentrated operations across São Paulo, Rio de Janeiro, and Brasília, the country's three largest aviation markets, and offers several routes that connect Brazil with key cities in the region. Wamos extends the group's intercontinental reach through contracted widebody operations across five continents.
Each airline maintains its own operating certificates, route authorities, and brand identity. That independence preserves the regulatory flexibility and local market positioning that makes each brand effective in its home markets. Together, they serve traffic flows across geographies and passenger segments that no single carrier in the region could easily replicate.
What makes this network durable is where it operates. Its core hubs - Bogotá El Dorado, Rio de Janeiro Galeão, and São Paulo Guarulhos and Congonhas - are among the busiest airports in Latin America and experience capacity constraints that bolster the Group’s positioning in the region. Avianca's Star Alliance membership, held since 2012, extends the network further still, providing passengers access to over 1,150 airports across more than 190 countries.
Complementary networks of Avianca and Gol allow for efficient capacity allocation
Source: OAG, Company Filings, as of December 31, 2025