Brazilian airlines are slashing flights since demand has dropped because of the coronavirus pandemic. Passenger transport on domestic flights in Brazil fell 32.9% in March, compared to the same month last year, according to the Brazilian National Civil Aviation Agency (Anac), reported by Valor.
As the number of passengers carried on domestic flights dived from 7.7 million to 4.9 million, the number of flights plummeted 24.6% in March, compared to the same period in 2019.
In the same path, international passenger air transport fell 42.4% in March, compared to the same month of 2019 and as a consequence, the number of flights decreased by 30.1% in March. Latam Airlines, for instance, registered a drop of 43.5% in international market demand. Brazilians Gol (-44.1%) and Azul (-34.6%) also registered declining demand.
In the worst case scenario, Latin American airlines could see revenues dropping by $15 billion, according to IATA (International Air Transportation Association).