Brazil’s Airlines Struggle to Keep Up With Rising Fuel Prices
Vinícius Andrade and Fabiola Moura, Bloomberg
We keep hearing Brazil's economy is coming back. But many of the country's airlines are not racking up profits. The problem? They make their revenue in local currency, but many of their costs and much of their debt is in U.S. dollars. And the Brazilian currency has been losing significant value against the dollar.
2 months ago