IBOV 176,608.23 ▼ 13.88% IPC MEX 69,470.99 ▼ 0.58% MERVAL 2,848,945 — — USD/BRL5.41▼ 0.12% USD/MXN18.59▲ 0.12% USD/CLP989.07▼ 0.01% USD/COP3,147▲ 3.00% USD/PEN3.44▼ 0.11% USD/ARS1,541▲ 0.74% USD/UYU40.08▲ 3.22% USD/PYG5,735▲ 2.55% USD/BOB11.82▲ 3.62% USD/DOP61.14▲ 2.83% USD/CRC450.04▲ 1.86% USD/GTQ7.64▼ 0.07% USD/HNL26.87▲ 3.38% USD/NIO36.62▲ 2.81% USD/VES885.08▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.19▲ 0.19% USD/TTD6.73▲ 2.39% EUR/BRL6.03▲ 8.96% BRENT 110.09 ▼ 4.94% WTI 101.09 ▼ 0.66% IRON ORE 161.91 — — COPPER 6.61 ▲ 1.57% GOLD 4,023 ▼ 0.38% SILVER 53.44 ▼ 1.23% SOY 1,257 ▲ 1.29% CORN 454.00 ▼ 0.22% WHEAT 616.25 ▲ 0.04% COFFEE 296.05 ▼ 1.63% SUGAR 19.23 ▲ 0.68% ORANGE JUICE 136.15 ▼ 2.61% COTTON 78.48 ▼ 0.73% COCOA 5,518 ▲ 0.51% BEEF 231.20 ▲ 0.58% CATTLE 348.60 ▲ 0.08% LITHIUM 61.27 ▲ 0.97% PETR4 53.88 — 0.00% VALE3 64.38 — 0.00% ITUB4 41.70 — 0.00% BBDC4 15.95 — 0.00% ABEV3 15.37 — 0.00% BBAS3 17.47 — 0.00% B3SA3 15.07 — 0.00% WEGE3 44.53 ▲ 4.21% PRIO3 71.14 ▼ 3.60% SUZB3 47.40 — 0.00% RENT3 31.67 — 0.00% AZZA3 16.53 ▼ 35.23% CSAN3 2.77 — 0.00% RAIZ4 0.34 — 0.00% PCAR3 2.30 — 0.00% GMAT3 3.66 — 0.00% PSSA3 48.18 — 0.00% CVCB3 0.98 — 0.00% POSI3 3.59 — 0.00% SLCE3 17.45 ▼ 0.23% NATU3 5.91 — 0.00% BRKM5 3.18 — 0.00% RANI3 7.38 — 0.00% CSNA3 5.01 ▼ 17.46% IBOV 176,608.23 ▼ 13.88% IPC MEX 69,470.99 ▼ 0.58% MERVAL 2,848,945 — — USD/BRL 5.41 ▼ 0.12% USD/MXN 18.59 ▲ 0.12% USD/CLP 989.07 ▼ 0.01% USD/COP 3,147 ▲ 3.00% USD/PEN 3.44 ▼ 0.11% USD/ARS 1,541 ▼ 0.02% USD/UYU 40.08 ▲ 3.22% USD/PYG 5,735 ▲ 2.55% USD/BOB 11.82 ▲ 3.62% USD/DOP 61.14 ▲ 2.83% USD/CRC 450.04 ▲ 1.86% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.87 ▲ 3.38% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.19 ▲ 2.96% USD/TTD 6.73 ▲ 2.39% EUR/BRL 6.03 ▲ 8.96% BRENT 110.09 ▼ 4.94% WTI 101.09 ▼ 0.66% IRON ORE 161.91 — — COPPER 6.61 ▲ 1.57% GOLD 4,023 ▼ 0.38% SILVER 53.44 ▼ 1.23% SOY 1,257 ▲ 1.29% CORN 454.00 ▼ 0.22% WHEAT 616.25 ▲ 0.04% COFFEE 296.05 ▼ 1.63% SUGAR 19.23 ▲ 0.68% ORANGE JUICE 136.15 ▼ 2.61% COTTON 78.48 ▼ 0.73% COCOA 5,518 ▲ 0.51% BEEF 231.20 ▲ 0.58% CATTLE 348.60 ▲ 0.08% LITHIUM 61.27 ▲ 0.97% PETR4 53.88 — 0.00% VALE3 64.38 — 0.00% ITUB4 41.70 — 0.00% BBDC4 15.95 — 0.00% ABEV3 15.37 — 0.00% BBAS3 17.47 — 0.00% B3SA3 15.07 — 0.00% WEGE3 44.53 ▲ 4.21% PRIO3 71.14 ▼ 3.60% SUZB3 47.40 — 0.00% RENT3 31.67 — 0.00% AZZA3 16.53 ▼ 35.23% CSAN3 2.77 — 0.00% RAIZ4 0.34 — 0.00% PCAR3 2.30 — 0.00% GMAT3 3.66 — 0.00% PSSA3 48.18 — 0.00% CVCB3 0.98 — 0.00% POSI3 3.59 — 0.00% SLCE3 17.45 ▼ 0.23% NATU3 5.91 — 0.00% BRKM5 3.18 — 0.00% RANI3 7.38 — 0.00% CSNA3 5.01 ▼ 17.46%
since 2009
Tuesday, October 27, 2026

Brazil Economy

Brazil Airfares Dip 0.5% as Fuel Jumps 54%

By · October 21, 2026 · 4 min read
Aerial view of Terminal 3 and the apron at São Paulo Guarulhos International Airport
Brazil Economy · Travel · Airfares

Published Wednesday, 21 October, 5:30 p.m. ET · Source: Anac

Key Facts

—The number. Average domestic fare in September: R$746.62 (about US$149) per flight.

—What changed. Fares fell 0.5% from September 2025, after adjusting for inflation.

—Jet fuel. Aviation kerosene cost R$5.66 a litre (about US$1.13), up 54.4% on the year.

—Before that. August fares were R$776.87 (about US$155), up 14.5% on the year.

—Still unknown. Whether higher fuel costs reach fares in the summer holiday season.

—Power Index Brazil ranks 1st of 14 in The Rio Times Latin America Power Index, with 75.0 points (October 2026 edition).

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Flying within Brazil cost slightly less in September, even as airlines paid far more for fuel. The average domestic fare was R$746.62 (about US$149) per flight, 0.5% lower than a year earlier, the aviation regulator Anac said on Wednesday, 21 October.

Over the same period, jet fuel rose 54.4% to R$5.66 a litre (about US$1.13), according to Anac. Both figures feed into the Brazil economy story, because airfares are part of consumer inflation.

This article converts reais at R$5.02 per US$1, the rate on 21 October (RT market data). Our dollar-to-real guide tracks the daily rate.

What Anac Measured

Anac, the National Civil Aviation Agency, averages every domestic ticket that passengers bought in September, route by route. It counts only the price of the flight itself, so bag fees, seat selection and airport boarding fees are left out.

The figures are adjusted for inflation with the IPCA, Brazil’s official consumer price index, in September 2026 reais. That makes the 0.5% drop a change in real terms, not just a nominal one.

In Plain English

  • Anac: Brazil’s civil aviation regulator.
  • Segment: one flight leg, from take-off to landing.
  • QAV: querosene de aviação, the Portuguese term for jet fuel.
  • IPCA: the official consumer price index used to adjust prices for inflation.

Fares Versus Fuel

  • September 2026: fare R$746.62 (about US$149), down 0.5% on the year and up 1.9% from September 2024. Jet fuel R$5.66 a litre (about US$1.13), up 54.4% on the year.
  • August 2026: fare R$776.87 (about US$155), up 14.5% on the year. Jet fuel R$4.98 a litre (about US$0.99), up 31.8%.

Fares were rising quickly in August and flat in September, while the fuel price rose 31.8% in August and 54.4% in September. The Anac figures do not explain why fares eased.

Fuel is a major cost for any airline, so a 54.4% jump adds pressure on ticket prices over time. A single month of data cannot show whether that pressure will reach passengers.

Travellers with rolling suitcases walk through the bright departure concourse of Guarulhos Terminal 3 past shops and gate signs
The departure concourse of Terminal 3 at São Paulo Guarulhos Airport. File photo.
Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Oct 27, 2026 · 08:02

Ibovespa · benchmark
176,608.23
-13.88%
+20.17% over 12 months

Market breadth · 4 names
25% advancing

1 ▲ advancing3 declining ▼

Currencies, rates & key inputs
USD / BRL
5.41
-0.12%

EUR / BRL
6.03
+8.96%

Selic rate
13.75%
·

Brent crude
110.09
-4.94%

Iron ore
161.91
·

Sector heatmap · average move today
Industrials
+2.11%
WEGE3, RENT3

Financials
0.00%
ITUB4, BBDC4, BBAS3, B3SA3

Consumer Staples
0.00%
ABEV3

Materials
0.00%
SUZB3

Utilities
0.00%
ENEV3

Energy
-1.80%
PETR4, PRIO3

Mining
-5.82%
VALE3, CSNA3, GGBR4

Consumer Disc.
-35.23%
AZZA3

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
176,608.23
-13.88%

S&P/BMV IPCMexico
69,470.99
-0.58%

S&P IPSAChile
10,575.59
-1.59%

S&P MERVALArgentina
2,848,945
—

MSCI COLCAPColombia
2,505.04
-1.38%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 176,608.23 -13.88% +20.17% 205,082.56 — — —
USD/BRL 5.41 -0.12% +0.38% 5.42 5.42 5.37 —
SELIC 13.75% — — — — —
PETR4 53.88 +0.00% +79.60% 53.88 53.88 — —
VALE3 64.38 +0.00% +4.41% 64.38 64.38 — —
ITUB4 41.70 +0.00% +12.00% 41.70 41.70 — —
BBDC4 15.95 +0.00% -12.51% 15.95 15.95 — —
BBAS3 17.47 +0.00% -16.21% 17.47 17.47 — —
B3SA3 15.07 +0.00% +20.27% 15.07 15.07 — —
ABEV3 15.37 +0.00% +26.50% 15.37 15.37 — —
WEGE3 44.53 +4.21% +6.86% 42.73 45.81 41.15 36,985,300
PRIO3 71.14 -3.60% +92.27% 73.80 71.90 66.25 20,319,500
SUZB3 47.40 +0.00% -3.48% 47.40 47.40 — —
RENT3 31.67 +0.00% -19.46% 31.67 31.67 — —
AZZA3 16.53 -35.23% -42.38% 25.52 16.82 14.52 9,628,200
CSNA3 5.01 -17.46% -43.83% 6.07 5.55 4.76 35,000,600
GGBR4 25.45 +0.00% +39.68% 25.45 25.45 — —
ENEV3 26.67 +0.00% +49.16% 26.67 26.67 — —

Largest moves today
AZZA3
16.53
-35.23%
CSNA3
5.01
-17.46%
IBOV
176,608.23
-13.88%
WEGE3
44.53
+4.21%
PRIO3
71.14
-3.60%
USD/BRL
5.41
-0.12%
SELIC
13.75%
PETR4
53.88
+0.00%

The session read
The Ibovespa eased 13.88%, with breadth negative — 1 of 4 names higher. Industrials led, while Consumer Disc. lagged.

What It Means for US Readers

Travellers from the United States who book internal flights in Brazil face fares close to last year’s level in real terms, with an average of about US$149 per leg. Averages hide wide differences between routes and dates, so check the exact fare for your trip.

In our analysis, airlines that pay much more for fuel while fares stay flat will see margins squeezed unless fares rise. Our report on American Airlines taking 8% of Brazil’s Azul covers one carrier, and the Brazil section follows the rest of the market.

What Is Not Known

Anac does not say why fares eased while fuel rose. It is also unclear whether airlines will add the fuel cost to fares for the summer holiday season, when demand is high.

What Comes Next

  • Friday 23 October: IBGE, the statistics agency, publishes mid-month inflation for October, a first look at consumer prices that include airfares. See our Selic guide for how inflation shapes interest rates.

Background: Brazil Election Polls: Flávio 51%, Lula 49%.

Background: Brazil Tax Reform 2026 Replaces Five Taxes With Two VATs.

Sources

Anac, domestic airfares · Estadão, 21 October 2026 · Mercado & Eventos · Jornal do Comércio, August data · RT market data, USD/BRL

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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Frequently Asked Questions

What was the average airfare in Brazil in September 2026?

The average domestic fare was R$746.62 (about US$149) per flight segment, 0.5% lower than in September 2025 after adjusting for inflation, according to Anac, Brazil’s civil aviation agency.

How much did jet fuel cost in Brazil in September?

Aviation kerosene averaged R$5.66 a litre (about US$1.13), 54.4% higher than in September 2025, according to Anac.

What does Anac’s average airfare include?

It counts only the price paid for the flight itself. Extras such as baggage allowance, seat selection and airport boarding fees are not included.

Are Brazilian airfares going up or down?

Fares were 14.5% higher in August than a year earlier, then slipped 0.5% year on year in September, according to Anac. The agency’s data do not explain the change.

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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