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Brazil air transportation market: 8% CAGR growth forecast between 2012-17

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PR-Inside.com: 2014-04-21 02:08:04
TAM Linhas Aéreas and GOL Linhas Aéreas Inteligentes remained the clear leaders in air transportation in Brazil during 2012.

The total number of air passengers in Brazil increased by 10% in 2012, reaching 115 million transported. This is significant, considering that most of the infrastructure projects related to air travel are not being completed at the same pace as demand is increasing. Consequently, Brazilian airports continue to operate over capacity.

Air transportation in Brazil is expected to increase by a CAGR of 8% over the forecast period, to reach close to R$36 billion at constant 2012 prices by 2017. This is directly related to the upholding of robust prices and growing domestic and international demand.

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