RIO DE JANEIRO, BRAZIL - Bus operators in large and medium cities in the country have accumulated losses of R$16.7 (US$3.1) billion between March 2020 and June 2021, worsening the crisis already faced by the sector even before the pandemic, according to the National Association of Urban Transport Companies (NTU).
The cash flow imbalance has increased because of the mismatch between supply and demand. During the most critical months of the pandemic, the circulating fleet decreased due to social distancing measures but in much lower intensity than the drop in passenger volume and fare revenue.
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