As the outbreak of the COVID-19 pandemic in Brazil reached the end of its first year, this time with the country in a much more complicated situation, GOL Airlines — the country's largest airline by domestic traffic — published its financial results for the fourth quarter of 2020. The airline registered revenues of 1.89 billion Brazilian reals ($344 million), a decrease of 50.3% over the same period of 2019 the last quarter before COVID-19 hit the country. As operational costs…
As airlines in Brazil look to their continuously evolving 2021 schedules, Azul — the country's third-largest airline by domestic traffic figures — has announced new services connecting Porto Alegre, Brazil, the capital of southern state Rio Grande do Sul, to eight new destinations elsewhere in the district. Ticket sales are…
After five months of negotiations between stakeholders and airlines, the details and peculiarities of the federal government's aid to Brazilian airlines are finally in their final negotiation stages. According to the now-expected conditions, the government's part in the package will increase from 2.4 billion reais ($440 million) to 3.6 billion…
As the economic effects and the public health crisis of the coronavirus pandemic continue to harm international demand, LATAM Brasil, Brazil's second-largest airline before 2020, has announced it will start to lay off a part of its cabin workforce. According to G1, the number of employees fired will start from…
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…
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…
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…
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…
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.…
Like most large aviation markets around the world, Brazil was living within optimistic times at the start of 2020. Demand, as well as unit revenue. was growing at a healthy pace. However, the outbreak of the COVID-19 pandemic, along with the rise of confirmed cases in the country, heavily affected…
