According to stats provided by the Government and airlines, the Mexican aviation industry hit a bump in its recovery during January and February. Nevertheless, there are good signs that the recovery is gaining track again, despite the still high number…
The Brazilian carrier GOL Linhas Aereas posted a $416 million net loss in 2020 due to the impact of the COVID-19 pandemic worldwide. Additionally, in 2020, GOL saw a 54 percent decrease in revenue passengers. The airline carried 16.7 million…
LATAM Airlines Group posted a $4.54 billion net loss in 2020 due to the impact of the COVID-19 pandemic. Last year, LATAM was one of the three Latin American airlines to file for Chapter 11 bankruptcy in the US, to have…
In 2020, the average ticket fare dropped 14.5 percent in Brazil, according to the Civil Aviation National Agency (ANAC, in Portuguese). The average price ticket was R$376.29, the lowest on record since the agency started tracking the airfares in 2002. …
Despite a strong final quarter with a 534 million reais net profit, Brazilian airline Azul Linhas Aereas posted a full-year net loss of R$ -10.179 billion (US$1.8 billion), it announced on March 4. The full-year operating loss was R$ -1.461…
Two months have now passed in 2021. According to the International Civil Aviation Organization, Latin America’s airline industry is now aiming to have the best capacity recovery worldwide. Nevertheless, the region still faces financial pressure, as we’ve seen in the…