Low-cost airlines Flybondi and Jetsmart are targeting Brazil as a top flight destination in coming months, looking to expand routes as the market opens up, executives at both firms said. The firm, which currently operates nine routes in and out of Brazil, sees the country as an "instrumental" market to its operations, Ortiz said. Argentine competitor Flybondi is also weighing route expansions to Brazil, CEO Mauricio Sana told Reuters in an interview on Wednesday.
Earnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Financial results are down, but not as much as some investors braced themselves for.
