IBOV 206,495.23 ▼ 0.86% IPSA 10,985.55 ▲ 0.54% IPC MEX 69,258.58 ▲ 0.36% MERVAL 3,017,221 — — COLCAP 2,560.37 ▲ 1.07% BVL PERÚ 59,870.67 ▼ 0.52% USD/BRL5.02▼ 0.08% USD/MXN18.66▲ 1.28% USD/CLP981.07▲ 0.65% USD/COP3,188▲ 0.93% USD/PEN3.43▲ 0.20% USD/ARS1,526▲ 0.05% USD/UYU40.08▲ 3.10% USD/PYG5,727▲ 2.71% USD/BOB11.68▲ 3.22% USD/DOP61.15▲ 2.57% USD/CRC450.09▲ 2.37% USD/GTQ7.64▲ 3.21% USD/HNL26.86▲ 3.38% USD/NIO36.62▲ 2.82% USD/VES881.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 2.24% EUR/BRL5.64▼ 0.09% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 206,495.23 ▼ 0.86% IPSA 10,985.55 ▲ 0.54% IPC MEX 69,258.58 ▲ 0.36% MERVAL 3,017,221 — — COLCAP 2,560.37 ▲ 1.07% BVL PERÚ 59,870.67 ▼ 0.52% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Wednesday, October 21, 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.

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—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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Polymarket

Flávio Bolsonaro 78.8% · Lula 21.5% (US$191 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 79% · Lula 22%

As of 21 October, 5:40 pm ET (22:40 Lisbon), updated every 20 minutes. Prices are bets, not polls, and can move fast.

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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 (EODHD). 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 21, 2026 · 18:45

Ibovespa · benchmark
206,495.23
-0.86%
L 167,142day rangeH 168,310

+21.85% over 12 months

Market breadth · 15 names
47% advancing

7 ▲ advancing8 declining ▼

Currencies, rates & key inputs
USD / BRL
5.16
+0.01%

EUR / BRL
5.95
+1.01%

Selic rate
14.00%
·

Brent crude
88.88
-0.03%

Iron ore
161.91
·

Sector heatmap · average move today
Materials
+2.35%
SUZB3

Mining
+1.16%
VALE3, CSNA3, GGBR4

Industrials
+0.20%
WEGE3, RENT3

Financials
-0.10%
ITUB4, BBDC4, BBAS3, B3SA3

Energy
-0.12%
PETR4, PRIO3

Consumer Staples
-0.80%
ABEV3

Utilities
-1.38%
ENEV3

Consumer Disc.
-2.63%
AZZA3

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
206,495.23
-0.86%

S&P/BMV IPCMexico
69,258.58
+0.36%

S&P IPSAChile
10,985.55
+0.54%

S&P MERVALArgentina
3,017,221
—

MSCI COLCAPColombia
2,560.37
+1.07%

BVL S&P PerúPeru
59,870.67
-0.52%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 206,495.23 -0.86% +21.85% 208,295.98 168,310 167,142 —
USD/BRL 5.16 +0.01% -5.13% 5.16 5.18 5.14 —
SELIC 14.00% — — — — —
PETR4 41.64 -0.05% +35.19% 41.66 41.97 41.15 41,499,400
VALE3 72.97 +0.83% +30.75% 72.37 73.54 72.66 17,658,000
ITUB4 38.60 -1.03% +4.57% 39.00 39.34 38.39 29,487,800
BBDC4 16.85 +0.36% +3.50% 16.79 16.90 16.67 19,416,900
BBAS3 19.37 +0.47% +0.73% 19.28 19.44 19.16 11,069,200
B3SA3 14.26 -0.21% +12.73% 14.29 14.47 14.11 33,037,800
ABEV3 14.89 -0.80% +21.91% 15.01 15.07 14.81 16,453,100
WEGE3 47.59 +0.49% +29.99% 47.36 48.08 47.36 3,364,600
PRIO3 59.14 -0.19% +50.67% 59.25 59.81 58.74 3,325,600
SUZB3 41.33 +2.35% -23.55% 40.38 41.48 40.35 3,914,900
RENT3 34.68 -0.09% +0.84% 34.71 34.96 34.35 7,979,100
AZZA3 15.89 -2.63% -53.76% 16.32 16.42 15.82 1,330,300
CSNA3 4.30 +0.47% -42.65% 4.28 4.41 4.26 10,076,100
GGBR4 24.69 +2.19% +51.38% 24.16 24.85 24.18 7,047,600
ENEV3 24.21 -1.38% +70.49% 24.55 24.64 23.99 9,297,000

Largest moves today
AZZA3
15.89
-2.63%
SUZB3
41.33
+2.35%
GGBR4
24.69
+2.19%
ENEV3
24.21
-1.38%
ITUB4
38.60
-1.03%
IBOV
206,495.23
-0.86%
VALE3
72.97
+0.83%
ABEV3
14.89
-0.80%

The session read
The Ibovespa eased 0.86%, with breadth negative — 7 of 15 names higher. Materials 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 · EODHD, 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.

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