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The IMF is predicting 2.3% GDP growth for Colombia in 2017, a decrease from the 2.7% expansion the institution had forecasted in October.

Airline improvement in recent years means more Colombians "now consider air travel their first choice when traveling," said Wingo CEO Catalina Bretón.

The 2016 total was more than half a billion dollars above the $5.2 billion USD reported in 2015 and puts the industry second in terms of foreign revenue generation after the oil sector.

"Colombia is heavily underinsured. If you look at insurance penetration ... Colombia is about a quarter of where it should be," said John Nelson, chairman of Lloyd's of London.

A new risk assessment revealed that the perceived threat presented by a pest called the pink hibiscus mealybug was unfounded.

The IMF lowered its 2017 projections for Brazil by 0.3% and Mexico by 0.6%.

The only two airports in the region ahead of El Dorado are Mexico City International Airport and São Paulo–Congonhas Airport.

The jump, if fully realized, would be enormous, adding some 57% to the current capacity in nine Latin American nations.

Complete with a ceremonial "baptism," Colombia's new discount airline Wingo completed its first official flight yesterday.

The Colombian peso began depreciating in the lead up to the U.S. presidential election and took a big tumble today.