Brazil’s Domestic Air Travel May Register R$7.3 Billion Deficit

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The devaluation of the Brazilian real currency, the increase in costs and the significant retraction in corporate air travel due to the economic crisis, will lead domestic air travel to register a deficit of over R$7.3 billion in 2015 according to Brazilian Association of Airline Companies (ABEAR). This result would be the worst result in the history of the sector.

“The incentives for consumption are not sufficient to maintain the growth seen at the beginning of the year and this compromises our goals,” says Eduardo Sanovicz, president of . . .

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