Brazil Carriers’ Fare War Drives Down Walk-up Ticket Prices
An escalating fare war between Brazil’s two dominant carriers, GOL and TAM, has sent walk-up fares down 70-80% in that nation’s 10 largest markets since late August, according to a new JP Morgan analysis. GOL’s walk-up fare on the Rio-Sao Paulo route—the busiest in Latin America—has declined to 135...
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