Petro backs regulation of air ticket prices during peak season

President Gustavo Petro endorsed the Ministry of Transport's proposal for airlines to self-regulate ticket prices during the year-end season. Minister María Fernanda Rojas asked the Aeronáutica Civil to enforce this amid expected high demand. However, Iata's Colombia manager, Paola Bernal, attributes high prices to elevated taxes and fees.

On December 29, 2025, President Gustavo Petro publicly backed the Ministry of Transport's initiative to regulate air ticket prices in Colombia, focusing on the year-end season. This came after Minister María Fernanda Rojas asked the Aeronáutica Civil to require airlines to self-regulate and avoid disproportionate increases. "The key word to lower prices is: democratization of slots," Petro wrote on his X account, stressing the need for more airport time slots, new tourist airports, and greater competition from local and international airlines to connect Colombia to all five continents.

Petro warned that concentrating slots in few airlines could lead to monopolistic practices, unjustly raising costs for passengers. He proposed as a structural solution increasing competition, allowing more airlines to enter, and strengthening Satena as a public company. Official projections indicate over 3.2 million passengers will travel from December 19, 2025, to January 5, 2026, with nearly two million on domestic flights and 1.2 million on international ones.

Rojas questioned prices like a ticket to Cartagena costing the same as to Miami, noting that airlines receive state benefits that should result in reasonable fares. She stated the government will support those complying with self-regulation and respecting price ceilings.

Meanwhile, Paola Bernal, Iata's Colombia manager, explained that since 2012, removing floor and ceiling tariffs has boosted competition, cutting base fares by more than 3% for domestic and international flights. However, taxes and fees have risen sharply: they account for 30% of national tickets and over 50% of international ones, above the global average. "Air transport is the only public transport service in Colombia that pays 19% VAT, not only on the ticket but also on aviation fuel," Bernal noted. She recommended maintaining tariff freedom and reviewing the tax scheme, as 75% of consumers are from low-income strata. She attributed cheaper digital platform prices to early-booking strategies to fill flights.

Makala yanayohusiana

Photorealistic image of a Colombian gas station displaying a 300-peso gasoline price cut, with joyful customers celebrating the government's announcement.
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Government announces 300-peso gasoline price cut starting February 1

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Building on Minister Palma's recent confirmation of progress, the Colombian government will reduce regular gasoline by 300 pesos per gallon from February 1, 2026. Finance Minister Germán Ávila confirmed the move closes the Fuel Prices Stabilization Fund (FEPC) gap with international prices, easing consumer costs.

President Gustavo Petro announced the end of private road concessions as his government's primary budget-saving measure, shifting management to the state to potentially reduce tolls. This follows the recent confirmation of a 5.30% toll increase starting January 2026 tied to inflation.

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Colombia's Minister of Mines and Energy, Edwin Palma, confirmed the government's efforts to stabilize the Fuel Prices Stabilization Fund (FEPC) and proceed with a gradual adjustment to the gasoline price. This follows President Gustavo Petro's announcement of a fuel price reduction. The minister stated that the exact amount of the cut will be announced on February 1.

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Colombia's Attorney General's Office has issued charges against three Ministry of Justice officials over alleged irregularities in a contract worth over 2.18 billion pesos for air ticket supplies. The charges stem from awarding the contract to a bidder lacking required experience and offering artificially low prices. Payments were also authorized despite the failure to apply a promised 12.50% discount.

Satena announced special fares for over 340 seats on the Bogotá-Tame-Bogotá route, vital for Arauca department. Ticket sales run from March 19 to 23, 2026, for travel from March 27 to May 29 of that year.

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President Gustavo Petro presented on X several proposals to counter the effects of the Banco de la República's reference rate hike to 11.25%, which he called unconstitutional. Measures include subsidies for fertilizers, low-rate housing policies, and land distribution to peasants. He also called for self-regulation in fuel consumption amid the Middle East war.

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