Brazil domestic airfare decreased 34.3% in 2Q20
The average domestic tariff for the second quarter of this year was R$ 294.92, according to data released on Wednesday (2) by Anac. The amount decreased by 34.3% compared to the same period in 2019 when the average practiced was R$ 448.65. As a percentage, this was the most significant reduction recorded in the second quarter since 2009.
In the first half of the year, the average domestic tariff price was R$ 353.12, a 14.9% reduction compared to the values recorded in the same period of 2019, when the average tariff was sold for R $ 414.71.
From April to June this year, 12.6% of tickets were sold at airfares below R $ 100 and 56.9% below R $ 300. Tickets over R$ 1,500 represented 0.9% of the total. The complete indicators are available for consultation in the report Domestic Airfares – 2nd quarter 2020.
Among the leading Brazilian companies, which represented 99.7% of the demand for domestic passenger air transport, Latam had a 38.9% reduction in the average domestic airfare in the second quarter of this year compared to the same period in 2019. Gol and Azul also showed a reduction in the indicator, in the order of 36.7% and 25.5%, respectively.
Aviation kerosene (QAV), which accounted for about 30% of the operational costs and expenses of air transport services, was 37.1% lower in the second quarter of the year compared to the same period last year. On the other hand, the exchange rate followed an upward trend in the months of the quarter, being 37.5% higher on average, when compared to the same period in 2019.