LATAM Airlines Group has a 35.5% capacity share of all departure seats from and within Brazil during the first quarter (Q1) of the year, ahead of Azul on 29.3% and GOL Linhas Aéreas on 26.9%.
LATAM overtook GOL as Brazil’s market share leader in 2021 and aims to grow its domestic capacity in Brazil by 7%-9% in 2024. The expansion comes as GOL restructures its operations as part of a Chapter 11 filing.
GOL hopes the move will allow it to “fully address the challenges caused by the pandemic” amid a significant debt pile, a weak Brazilian currency and limited government support during the COVID crisis.
More News And Analysis From Routes Americas 2024
Overall capacity within Brazil, Latin America’s largest aviation market, totals some 33.1 million departure seats during Q1 2024, compared with 34.3 million at this time in 2019. Domestic capacity is back to 96.4% of 2019 levels, while international capacity is marginally ahead at 96.5%.
Related Content
