Aeroperlas (acronym for Aerolíneas Islas de Las Perlas) was a regional airline based in Panama City, Panama. It was the third largest airline of the country, only surpassed by Air Panama and Copa Airlines. From its hub at Marcos A. Gelabert and Enrique Malek International airports, Aeroperlas operated over 50 daily scheduled flights to 15 domestic destinations, as well as charter and courier flights. It operated services as part of the Grupo TACA Regional Airlines system.

On February 29, 2012, Aeroperlas ceased operations due to financial problems. The shutdown became effective on March 6.

The airline was founded in June 1970 as Aerolíneas Islas de las Perlas and started operations shortly after. It was a state-owned company from 1976 until 1987, when it was sold to private owners.

During the late 1990s, Aeroperlas was owned by Apair (80%) and the parent company of American Eagle, AMR Corporation (20%). According to Dan Garton, AMR took a stake in Aeroperlas to find a way of streamlining American Eagle's fleet and placing their Shorts 360 fleet with another airline. It was unclear if AMR remained as a shareholder in the airline in 2009. In 1996, Aeroperlas begun international operations, launching services to Costa Rica.

In 2004, Aeroperlas became an affiliate member of Grupo TACA and made a big improvements in terms of security.

On October 2007, the airline became the first Panamanian regional airline to be certified under the strict regulations of Panama's Civil Aeronautic Authority (ACC) agency. It was also the first airline in Panama to neutralize CO
2 emissions from the air, because of a partnership with nature conservation group ANCON, which included the promotion of trees conservation at a private reserve in Darién Province.

In July 2011, Aeroperlas started scheduled flights from the Domestic Terminal of to Chirquí and Bocas del Toro provinces, with a stopover at Albrook "Marcos A. Gelabert" International Airport.

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