The arrival of the COVID-19 pandemic in Brazil brought demand for air travel down by a previously unimaginable amount. If during the first two months of the year airlines were experiencing a very healthy demand scenario with solid financial numbers, the month of March was disastrous. And it was only a prelude of the crisis […]
After the initial shock caused by the arrival of COVID-19 in Brazil and the economic and social changes that were accordingly enacted, local airlines have started to take action against the longer-term effects of the economic crisis caused by the pandemic. As this includes the grounding of aircraft, capacity adjustments and related cost-cutting measures, labor […]
LATAM Airlines Group’s recent Chapter 11 bankruptcy filing — precipitated by the need to restructure in the midst of the massive industry shock caused by COVID-19 — will likely affect the government bailout expected to go to its Brazilian branch, Reuters reported this Friday. According to the news agency, the bailout is likely to be pushed […]
In the same week Brazil became the country with the second most confirmed cases of COVID-19 in the world, Azul Brazilian Airlines, GOL Airlines and LATAM, the country’s three major airlines, have started to roll out their networks for June. Somewhat counterintuitively, the three reported a capacity increase compared to their route networks in May. […]
LATAM Airlines Group, the largest airline conglomerate in Latin America, announced it will lay off 1,400 workers from its branches in Chile, Colombia, Ecuador and Peru. The news was confirmed by the company on May 15, after Reuters released an internal video where LATAM CEO Roberto Alvo announced the measures to its employees. “Unfortunately we’ve […]
Azul, Brazil’s third-largest airline, announced today it had reached an agreement with Embraer to postpone the delivery of 59 Embraer E195-E2s it planned to receive between 2020 and 2023. By the amended deal, these jets will be delivered starting from 2024 only. This deal comes as another measure taken by the company to face the […]
After several weeks of discussions between companies, agents of the federal government and private banks, an agreement surrounding a bailout for airlines in Brazil is set to be closed by the end of next week, according to Brazil Journal, a local economic news website. The COVID-19 crisis fell severely over the country’s airline industry, just […]
This is the final article in a three-part series. Click here for part one and here for part two. I had a very enjoyable morning at El Alto International Airport in La Paz, Bolivia. The airline knew I was there to write about the flights, so as soon as I got off the domestic flight […]
Brazil’s third-largest airline, Azul Brazilian Airlines, surprised the market in January when it announced an agreement by which it acquired Two Táxi Aéreo, a commuter airline with operations throughout Brazil. Branded TwoFlex, the company currently has a fleet of two Cessna C208 Caravan and 14 C208B Grand Caravan. After the approval of the takeover by […]
The lack of passenger demand brought by the COVID-19 pandemic has created an existential threat to airlines in Brazil. Despite a delayed initial outbreak compared to some countries, the onset of the coronavirus in the country eventually led to a drop in bookings and revenue similar to that seen abroad. To face the crisis, the […]
