As Brazil's domestic COVID-19 pandemic turns five months old, the largely-awaited government relief package to airlines is still a big question mark for investors and industry executives alike. While conditions of the aid are still a topic of discussion between the government and airlines since the beginning of the demand crash, Bloomberg, via UOL, has reported another potential delay in the arrival of the cash. Now the money may only be transferred to the airlines in September. According to the…
As the industry forecasts a repressed demand for the months and years to come due to the recession caused by the COVID-19 pandemic, airlines have started to make creative use of their assets to maximize their cargo revenues, which are suffering less than passenger revenues. In Brazil, Azul, the third-largest…
Although it never came to a complete stop, the Brazilian domestic market reduced its capacity by 90% between April and May as a result of the economic and airline industry fallout stemming from the COVID-19 pandemic. Since then, airlines in Brazil have been gradually increasing their operations in the hope…
In a move that was unexpected by the market, Azul Linhas Aéreas and LATAM Airlines Brasil have announced a domestic codeshare agreement and a partnership between their frequent-flier programs, TudoAzul and LATAM Pass. The two are, respectively, the third and first airlines in Brazil by pre-COVID-19 domestic traffic, and plan…
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…
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…
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…
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…
Last month it was reported that the deal between Boeing and Embraer had fallen apart. It wasn’t a tiny agreement, but rather a huge joint venture worth over $4 billion. The venture was a strategic play by Boeing and Embraer to compete against Airbus in the small aircraft market after…
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…
