As the largest country in Latin America and the fifth largest country in the world, Brazil relies on aviation to connect its territories and keep businesses moving. To understand the current state of the aviation industry in Brazil, the challenges faced by the airlines in the region and most importantly, the opportunities for growth, IBS Software commissioned journalist Fabio Steinberg to write a comprehensive report that shines light on the Brazilian aviation industry.
Some highlights:
- Although roadway travel is still the preferred mode of transportation in Brazil, airlines have captured 18% of the total travel and the trend continues going up.
- The three main airlines that operate in Brazil: Azul Linheas Aereas, GOL and LATAM, with a total fleet of more than 500 airplanes, have reached or surpassed pre-pandemic levels as leisure travel has increased significantly.
- The aviation industry employs more than 140,000 workers in Brazil.
- Airport concession programs reach 59 of 133 federal airports as a result of investments of over $2.4 billion dollars over the last ten years.
- Airlines face significant challenges such as high costs, regulatory burdens and judicialization with more than 98.5% of the legal suits against airlines worldwide in Brazil.
- Regional aviation offers significant opportunities, airlines are already expanding into regional markets but more investments in aircraft and airport infrastructure are required.
Learn more about the challenges and opportunities of the aviation industry in Brazil.