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In recent years, the Brazilian airline sector has witnessed the disappearance of the giant Varig and the emergence of lower-value competitors such as Gol and more recently Azul. The market for commercial airline services is expected to achieve almost 104 million paying passengers and to sustain 1.2 million tons of cargo transported in domestic and international flights in 2015. Revenues will continue to increase to approximately US$ 13 billion, growing at a CAGR of 10.4% since 2008. Most of the Brazilian airlines companies continue to face losses however less substantial than in 2014 and 2013.
This report briefly discusses the subject market, its geographic footprint, main products and services, main players’ financial and operational performance and other analyses.
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