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Brazilian airlines show profits in the second quarter

The three largest Brazilian airlines (Gol, Azul, and Latam) had a positive Net Result of BRL 899.5 M, with a net margin of 22%, in the 2nd quarter of 2021. In the same period of the previous year, the result was BRL -6.1 MM, and net margin of -399.6%. In the context of the 2nd quarter of 2021, the airline industry remained marked by the Covid-19 pandemic, with companies still seeking to financially equalize their operations. According to Statistical Data from Brazil’s Civil Aviation Agency (ANAC), companies more than tripled the offer (ASK) in the 2nd quarter of 2021, compared to the same period of the previous year. However, compared to 2019, the offer was 43.4% lower in the 2nd quarter. In the 2nd quarter of 2021, the dollar remained relatively stable, with a drop of 1.7% compared to the 2nd quarter of 2020. The price of fuel (QAV), however, increased 91.7% in the quarterly average. Revenues from air services of Brazilian companies increased by 177.9% in the 2nd quarter of 2021 when compared to the same period of the previous year. Operating costs and expenses increased by 2.8%. Ticket revenue increased 804.5% and represented 76% of total air service revenues. Revenues from Cargo and Postal Mail, in turn, increased 22.5% and represented 14.4% of the total. Among costs and expenses, the highest cost in the sector came from insurance, leases and aircraft maintenance (22.4%), followed by fuels and lubricants (22.6%) and personnel (18.8%). – https://www.gov.br/anac/pt-br/noticias/2021/empresas-aereas-brasileiras-apresentam-lucro-no-segundo-trimestre