IBOV 175,963.54 ▼ 0.38% IPSA 10,960.27 ▼ 0.58% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,288,122 ▲ 1.82% COLCAP 2,293.65 ▼ 0.22% BVL PERÚ 57,174.37 — — USD/BRL5.08▲ 0.09% USD/MXN17.37▼ 0.31% USD/CLP924.06▼ 0.27% USD/COP3,216▼ 0.62% USD/PEN3.38▼ 0.31% USD/ARS1,476▲ 0.34% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP 58.30 — 0.00% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.12% USD/TTD6.76▲ 1.32% EUR/BRL5.82▼ 0.54% BRENT 85.10 ▲ 0.44% WTI 79.75 ▲ 0.52% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.76% GOLD 4,066 ▲ 0.13% SILVER 58.21 ▼ 0.96% SOY 1,202 ▼ 0.46% CORN 469.25 ▲ 8.18% WHEAT 677.75 ▲ 7.37% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.45 ▲ 0.14% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.33 ▼ 0.48% CATTLE 344.95 ▼ 1.10% LITHIUM 71.01 ▼ 0.80% PETR4 40.63 ▼ 0.07% VALE3 74.76 ▲ 1.01% ITUB4 43.18 ▼ 1.03% BBDC4 18.62 ▼ 0.05% ABEV3 15.54 ▼ 1.71% BBAS3 20.63 ▲ 0.19% B3SA3 15.74 ▲ 2.67% WEGE3 44.27 ▲ 0.16% PRIO3 57.82 ▲ 0.43% SUZB3 41.55 ▲ 1.07% RENT3 40.38 ▼ 0.39% AZZA3 18.58 ▼ 1.43% CSAN3 3.94 ▲ 1.29% RAIZ4 0.30 ▼ 3.23% PCAR3 2.61 ▲ 6.53% GMAT3 3.97 ▲ 0.25% PSSA3 55.19 ▲ 1.66% CVCB3 1.36 ▼ 1.45% POSI3 3.90 ▼ 2.26% SLCE3 13.47 ▼ 2.46% NATU3 8.66 ▲ 1.29% BRKM5 6.42 ▼ 6.00% RANI3 8.01 — 0.00% CSNA3 5.24 ▲ 0.77% CMIN3 5.18 ▲ 1.57% USIM5 8.20 ▼ 0.36% GGBR4 24.24 ▲ 3.95% ENEV3 27.02 ▼ 0.55% CPFE3 46.98 ▼ 0.47% CMIG4 11.16 ▼ 0.36% EQTL3 40.41 ▼ 1.32% LREN3 14.10 ▼ 1.33% VIVT3 35.37 ▼ 0.42% RAIL3 14.03 ▼ 0.71% KLABIN 17.44 ▲ 0.69% RAIA DROGASIL 18.75 ▲ 0.81% RDOR3 35.86 ▼ 0.53% HAPV3 10.95 ▼ 2.14% FLRY3 16.44 ▲ 0.18% SMTO3 15.50 ▼ 3.85% UGPA3 31.01 ▲ 2.99% VBBR3 33.62 ▲ 0.96% BBSE3 40.67 ▲ 0.69% BPAC11 57.51 ▼ 0.76% CURY3 32.87 ▼ 2.14% AERI3 2.03 ▼ 1.93% VIVARA 23.35 ▼ 0.34% COMPASS 24.96 ▼ 0.95% VAMOS 3.12 ▼ 0.95% SANB11 27.12 ▼ 0.80% ASAI3 8.71 ▲ 0.58% SBSP3 30.01 ▼ 1.09% WALMEX 49.93 ▲ 1.34% GMEXICO 200.60 ▲ 0.52% FEMSA 223.81 ▼ 2.40% CEMEX 22.67 ▲ 2.12% GFNORTE 183.95 ▼ 1.20% BIMBO 57.65 ▲ 2.29% TELEVISA 9.60 ▲ 0.73% AMX 22.83 ▼ 0.09% GAP 397.56 ▲ 0.58% ASUR 282.90 ▲ 2.65% OMA 236.64 ▲ 0.69% KOF 178.84 ▼ 0.58% GRUMA 282.04 ▲ 0.94% KIMBER 38.74 ▲ 0.78% SQM-B 65,850 ▼ 3.02% COPEC 6,246 ▲ 0.58% BSANTANDER 78.00 ▼ 0.81% FALABELLA 5,900 ▲ 0.43% ENELAM 85.13 ▼ 0.72% CENCOSUD 2,009 ▼ 1.52% CMPC 1,081 ▼ 1.99% BANCO CHILE 187.63 ▼ 0.99% LATAM AIR 25.47 ▲ 2.29% YPF 78,300 ▲ 0.68% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 670.50 ▲ 1.28% ALUAR 962.00 ▲ 1.37% TGS 9,800 ▲ 0.93% CEPU 2,352 ▲ 1.07% MIRGOR 16,850 ▲ 0.60% COME 45.69 ▼ 0.13% LOMA NEGRA 3,630 ▲ 2.76% BYMA 302.00 ▲ 0.33% TELECOM ARG 4,348 ▲ 0.35% ECOPETROL 16.10 ▼ 0.40% BANCOLOMBIA 81.60 ▼ 0.61% GRUPO AVAL 5.06 ▲ 2.22% CREDICORP 396.70 ▲ 1.14% SOUTHERN COPPER 180.71 ▼ 0.92% BUENAVENTURA 31.05 ▲ 0.06% MERCADOLIBRE 1,839 ▼ 1.89% NUBANK 13.90 ▼ 0.68% XP 17.00 ▲ 0.77% PAGSEGURO 9.13 ▼ 1.67% STONE 11.15 ▼ 1.37% GLOBANT 31.62 ▲ 2.26% TECNOGLASS 45.67 ▲ 3.24% GAP AIRPORT 229.10 ▲ 1.39% ASUR 282.90 ▲ 2.65% OMA AIRPORT 108.84 ▲ 1.11% AMX ADR 26.22 ▲ 0.15% FEMSA ADR 128.90 ▼ 3.21% CEMEX ADR 13.07 ▲ 2.07% PETROBRAS ADR 17.83 ▼ 0.53% VALE ADR 14.68 ▲ 0.62% ITAU ADR 8.50 ▼ 0.64% SANTANDER BR 5.38 ▼ 0.28% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.81 ▲ 4.23% LATAM ADR 55.04 ▲ 2.86% BTC 64,862 ▼ 0.15% ETH 1,925 ▲ 1.85% SOL 77.48 ▼ 0.36% XRP 1.11 ▲ 0.14% BNB 579.69 ▼ 0.36% ADA 0.16 ▼ 0.68% DOGE 0.07 ▼ 0.63% AVAX 6.70 ▲ 0.04% LINK 8.51 ▲ 2.06% DOT 0.85 ▲ 0.15% LTC 45.06 ▼ 0.82% BCH 228.48 ▼ 3.39% TRX 0.32 ▼ 0.35% XLM 0.19 ▲ 1.15% HBAR 0.07 ▲ 0.13% NEAR 2.04 ▲ 1.64% ATOM 1.56 ▼ 0.26% AAVE 96.74 ▼ 2.17% SELIC 14.25% EMBRAER 81.84 ▼ 0.79% EMBRAER ADR 64.49 ▼ 0.64% JBS 12.10 ▲ 2.28% JBS BDR 61.50 ▲ 2.93% MBRF3 15.27 ▼ 5.10% MBRFY 3.00 ▼ 4.46% INTER 5.64 ▼ 1.14% EGX 52,558 ▲ 0.50% USD/ZAR16.30▼ 0.45% USD/NGN1,379▼ 0.25% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY162.02▼ 0.14% USD/CNY6.76▼ 0.19% DAX 25,000 ▼ 0.59% CAC 8,382 ▲ 0.19% FTSE 10,516 ▼ 0.13% MIB 52,411 ▼ 0.85% IBEX 19,276 ▼ 0.42% STOXX 642.71 ▲ 0.10% EUR/USD1.15▲ 0.49% GBP/USD1.35▲ 1.47% SPX 7,557 ▲ 0.17% DJI 52,598 ▲ 0.17% NDX 29,407 ▼ 0.61% RUT 2,976 ▲ 0.37% TSX 35,415 ▲ 0.27% VIX 15.76 ▼ 4.48% USD/CAD1.40▼ 0.16% US10Y 4.5450 ▼ 0.87% IBOV 175,963.54 ▼ 0.38% IPSA 10,960.27 ▼ 0.58% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,288,122 ▲ 1.82% COLCAP 2,293.65 ▼ 0.22% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▲ 0.09% USD/MXN 17.37 ▼ 0.31% USD/CLP 924.06 ▼ 0.27% USD/COP 3,216 ▼ 0.62% USD/PEN 3.38 ▼ 0.31% USD/ARS 1,476 ▲ 0.34% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.30 — 0.00% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.31% USD/VES 723.93 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.12% USD/TTD 6.76 ▲ 1.32% EUR/BRL 5.82 ▼ 0.54% BRENT 85.10 ▲ 0.44% WTI 79.75 ▲ 0.52% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.76% GOLD 4,066 ▲ 0.13% SILVER 58.21 ▼ 0.96% SOY 1,202 ▼ 0.46% CORN 469.25 ▲ 8.18% WHEAT 677.75 ▲ 7.37% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.45 ▲ 0.14% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.33 ▼ 0.48% CATTLE 344.95 ▼ 1.10% LITHIUM 71.01 ▼ 0.80% PETR4 40.63 ▼ 0.07% VALE3 74.76 ▲ 1.01% ITUB4 43.18 ▼ 1.03% BBDC4 18.62 ▼ 0.05% ABEV3 15.54 ▼ 1.71% BBAS3 20.63 ▲ 0.19% B3SA3 15.74 ▲ 2.67% WEGE3 44.27 ▲ 0.16% PRIO3 57.82 ▲ 0.43% SUZB3 41.55 ▲ 1.07% RENT3 40.38 ▼ 0.39% AZZA3 18.58 ▼ 1.43% CSAN3 3.94 ▲ 1.29% RAIZ4 0.30 ▼ 3.23% PCAR3 2.61 ▲ 6.53% GMAT3 3.97 ▲ 0.25% PSSA3 55.19 ▲ 1.66% CVCB3 1.36 ▼ 1.45% POSI3 3.90 ▼ 2.26% SLCE3 13.47 ▼ 2.46% NATU3 8.66 ▲ 1.29% BRKM5 6.42 ▼ 6.00% RANI3 8.01 — 0.00% CSNA3 5.24 ▲ 0.77% CMIN3 5.18 ▲ 1.57% USIM5 8.20 ▼ 0.36% GGBR4 24.24 ▲ 3.95% ENEV3 27.02 ▼ 0.55% CPFE3 46.98 ▼ 0.47% CMIG4 11.16 ▼ 0.36% EQTL3 40.41 ▼ 1.32% LREN3 14.10 ▼ 1.33% VIVT3 35.37 ▼ 0.42% RAIL3 14.03 ▼ 0.71% KLABIN 17.44 ▲ 0.69% RAIA DROGASIL 18.75 ▲ 0.81% RDOR3 35.86 ▼ 0.53% HAPV3 10.95 ▼ 2.14% FLRY3 16.44 ▲ 0.18% SMTO3 15.50 ▼ 3.85% UGPA3 31.01 ▲ 2.99% VBBR3 33.62 ▲ 0.96% BBSE3 40.67 ▲ 0.69% BPAC11 57.51 ▼ 0.76% CURY3 32.87 ▼ 2.14% AERI3 2.03 ▼ 1.93% VIVARA 23.35 ▼ 0.34% COMPASS 24.96 ▼ 0.95% VAMOS 3.12 ▼ 0.95% SANB11 27.12 ▼ 0.80% ASAI3 8.71 ▲ 0.58% SBSP3 30.01 ▼ 1.09% WALMEX 49.93 ▲ 1.34% GMEXICO 200.60 ▲ 0.52% FEMSA 223.81 ▼ 2.40% CEMEX 22.67 ▲ 2.12% GFNORTE 183.95 ▼ 1.20% BIMBO 57.65 ▲ 2.29% TELEVISA 9.60 ▲ 0.73% AMX 22.83 ▼ 0.09% GAP 397.56 ▲ 0.58% ASUR 282.90 ▲ 2.65% OMA 236.64 ▲ 0.69% KOF 178.84 ▼ 0.58% GRUMA 282.04 ▲ 0.94% KIMBER 38.74 ▲ 0.78% SQM-B 65,850 ▼ 3.02% COPEC 6,246 ▲ 0.58% BSANTANDER 78.00 ▼ 0.81% FALABELLA 5,900 ▲ 0.43% ENELAM 85.13 ▼ 0.72% CENCOSUD 2,009 ▼ 1.52% CMPC 1,081 ▼ 1.99% BANCO CHILE 187.63 ▼ 0.99% LATAM AIR 25.47 ▲ 2.29% YPF 78,300 ▲ 0.68% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 670.50 ▲ 1.28% ALUAR 962.00 ▲ 1.37% TGS 9,800 ▲ 0.93% CEPU 2,352 ▲ 1.07% MIRGOR 16,850 ▲ 0.60% COME 45.69 ▼ 0.13% LOMA NEGRA 3,630 ▲ 2.76% BYMA 302.00 ▲ 0.33% TELECOM ARG 4,348 ▲ 0.35% ECOPETROL 16.10 ▼ 0.40% BANCOLOMBIA 81.60 ▼ 0.61% GRUPO AVAL 5.06 ▲ 2.22% CREDICORP 396.70 ▲ 1.14% SOUTHERN COPPER 180.71 ▼ 0.92% BUENAVENTURA 31.05 ▲ 0.06% MERCADOLIBRE 1,839 ▼ 1.89% NUBANK 13.90 ▼ 0.68% XP 17.00 ▲ 0.77% PAGSEGURO 9.13 ▼ 1.67% STONE 11.15 ▼ 1.37% GLOBANT 31.62 ▲ 2.26% TECNOGLASS 45.67 ▲ 3.24% GAP AIRPORT 229.10 ▲ 1.39% ASUR 282.90 ▲ 2.65% OMA AIRPORT 108.84 ▲ 1.11% AMX ADR 26.22 ▲ 0.15% FEMSA ADR 128.90 ▼ 3.21% CEMEX ADR 13.07 ▲ 2.07% PETROBRAS ADR 17.83 ▼ 0.53% VALE ADR 14.68 ▲ 0.62% ITAU ADR 8.50 ▼ 0.64% SANTANDER BR 5.38 ▼ 0.28% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.81 ▲ 4.23% LATAM ADR 55.04 ▲ 2.86% BTC 64,862 ▼ 0.15% ETH 1,925 ▲ 1.85% SOL 77.48 ▼ 0.36% XRP 1.11 ▲ 0.14% BNB 579.69 ▼ 0.36% ADA 0.16 ▼ 0.68% DOGE 0.07 ▼ 0.63% AVAX 6.70 ▲ 0.04% LINK 8.51 ▲ 2.06% DOT 0.85 ▲ 0.15% LTC 45.06 ▼ 0.82% BCH 228.48 ▼ 3.39% TRX 0.32 ▼ 0.35% XLM 0.19 ▲ 1.15% HBAR 0.07 ▲ 0.13% NEAR 2.04 ▲ 1.64% ATOM 1.56 ▼ 0.26% AAVE 96.74 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Brazil Business - Brazil

Brazil Congress Approves Measure for Free Luggage Allowance

By · May 25, 2019 · 2 min read

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By Contributing Reporter

RIO DE JANEIRO, BRAZIL – The airlines criticized a section of the Provisional Measure (MP) approved by Congress, which provides for the return of free checked luggage. Consumer protection associations, on the other hand, considered the change to be positive.

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The statutory text provides for free checked baggage up to 23 kilograms on domestic flights on aircraft having at least 31 seats.

The measure also allows foreign capital investment up to 100 percent in Brazilian airlines. The proposal is now pending the sanction of President Jair Bolsonaro, to be converted into a statute. The Chief Executive may veto sections of it.

The return of a free luggage allowance was not in the MP’s original text, but was suggested by the proposal’s sponsor, Senator Roberto Rocha (PSDB-MA) and approved by members during voting on Tuesday, 21st.

In a statement, the Brazilian Association of Airline Companies (ABEAR) criticized the change and said that the final version approved by Congress contradicts the MP’s initial objective of increasing competitiveness in the sector.

Latam Brazil also positioned itself against the ban on luggage charges.

According to the company, by imposing the return of free luggage allowance, the text approved in the Senate “brings back a restrictive regulatory environment and affects the competitiveness of the airline industry, once more inflicting a misalignment of Brazilian aviation in relation to the international environment and pushing investments away.”

Azul, which is no longer associated with Abear, Gol, and Avianca stated that they would not be commenting at this time.

The Consumer Defense Institute (Idec) applauded the text approved by Congress, considering the return of free luggage check positive for consumers.

“Idec considers the change approved in Congress as positive, as the promised decrease in airfare prices after the end of luggage allowance has not materialized,” said Idec in a statement.

In contrast, the National Civil Aviation Agency (ANAC) has indicated that it will not comment on the MP’s approval until the measure has been officially converted into law.

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