LATAM's share of Brazil airline market hits 11-year high as Gol drops
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2024
0mins
Source: Yahoo Finance
- LATAM Airlines:
- Achieved its highest market share in Brazil's domestic market in 11 years in March.
- LATAM had a 41% market share, surpassing Gol and Azul.
- Gol's market share declined after filing for bankruptcy, while Azul experienced growth.
- LATAM emerged from bankruptcy with a reorganization plan and expects further growth.
- Total demand for air travel in Brazil increased by 1.4% in March compared to the previous year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
