“The industry needs higher tariffs, as it deals with the macroeconomic scenario,” said Azul’s executive president, John Peter Rodgerson
SÃO PAULO (Reuters) – The airline Azul () is seeing demand remaining strong for domestic flights this quarter and is advocating that fares in the sector be raised to allow companies to deal with the scenario of high interest rates and exchange rate volatility, in addition to delay in the delivery of more efficient aircraft, company executives said on Thursday.
“The industry needs higher tariffs, as it deals with the macroeconomic scenario,” said Azul’s executive president, John Peter Rodgerson, during a conference with analysts following the publication of third-quarter results this morning.
“And everyone in the industry is struggling with engine and aircraft deliveries,” he added.
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Company executives stated at the conference that they see a good recovery in October and November. “Each month has been better than the last,” they said.
Rodgerson mentioned that from this fourth quarter onwards, Azul expects to “be more productive”, supported in part by the resumption of operations in Porto Alegre, an important base for the company in Brazil and which was hit by the rain tragedies in Rio Grande do Sul in the second quarter.
Spreadsheet
3rd quarter results
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