IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.58▼ 0.01% USD/MXN18.58▼ 0.23% USD/CLP983.69▲ 1.70% USD/COP3,294▲ 0.60% USD/PEN3.42▲ 0.32% USD/ARS1,545▼ 0.03% USD/UYU40.43▲ 3.48% USD/PYG6,196▲ 2.20% USD/BOB11.68▲ 0.19% USD/DOP60.46▲ 0.10% USD/CRC445.62▲ 1.24% USD/GTQ7.64▲ 3.18% USD/HNL26.89▲ 0.13% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.46% USD/TTD6.72▲ 2.30% EUR/BRL6.23▲ 0.80% BRENT 92.07 ▲ 0.63% WTI 86.25 ▲ 0.24% IRON ORE 161.91 — — COPPER 6.32 ▲ 1.62% GOLD 4,067 ▲ 0.92% SILVER 53.03 ▲ 3.77% SOY 1,227 ▲ 0.18% CORN 449.50 ▲ 0.11% WHEAT 600.25 ▲ 1.27% COFFEE 266.75 ▼ 2.50% SUGAR 18.15 ▼ 0.33% ORANGE JUICE 146.15 ▲ 5.64% COTTON 78.28 ▼ 0.63% COCOA 4,852 ▼ 3.04% BEEF 222.55 ▲ 2.94% CATTLE 326.68 ▼ 0.51% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 0.30 ▼ 98.77% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45% IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.58 ▼ 0.01% USD/MXN 18.59 ▼ 0.17% USD/CLP 983.69 ▲ 1.70% USD/COP 3,294 ▲ 0.60% USD/PEN 3.42 ▲ 0.27% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.43 ▲ 3.48% USD/PYG 6,196 ▲ 1.99% USD/BOB 11.68 ▲ 1.36% USD/DOP 60.46 ▲ 0.10% USD/CRC 445.62 ▲ 1.24% USD/GTQ 7.64 ▲ 2.97% USD/HNL 26.89 ▲ 0.13% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.46% USD/TTD 6.72 ▲ 2.30% EUR/BRL 6.23 ▲ 0.80% BRENT 92.07 ▲ 0.63% WTI 86.25 ▲ 0.24% IRON ORE 161.91 — — COPPER 6.32 ▲ 1.62% GOLD 4,067 ▲ 0.92% SILVER 53.03 ▲ 3.77% SOY 1,227 ▲ 0.18% CORN 449.50 ▲ 0.11% WHEAT 600.25 ▲ 1.27% COFFEE 266.75 ▼ 2.50% SUGAR 18.15 ▼ 0.33% ORANGE JUICE 146.15 ▲ 5.64% COTTON 78.28 ▼ 0.63% COCOA 4,852 ▼ 3.04% BEEF 222.55 ▲ 2.94% CATTLE 326.68 ▼ 0.51% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 0.30 ▼ 98.77% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45%
since 2009
Wednesday, November 11, 2026

Brazil Business - Brazil

Brazil’s Airline Giants Azul and Gol Face Intense Scrutiny Over Codeshare Deal

By · · 2 min read

Brazil’s two biggest airlines, Gol and Azul, agreed last May to a codeshare partnership. This means they decided to sell tickets on each other’s flights for certain routes.

The deal attracted the attention of Brazil’s competition watchdog, Cade, because Gol and Azul together carry most of the country’s air passengers, according to official figures from ANAC, Brazil’s civil aviation agency.

Cade wants to be sure this partnership does not reduce competition and limit options for travelers. Since the codeshare started, Gol and Azul dropped two direct routes where they had competed.

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The airlines claim that canceling those flights was just ordinary business—not because of the partnership. They also stress their codeshare does not mean they pool resources, set ticket prices together, or merge operations in any way.

Both companies argue the deal only affects a small part of their flight network. They say they still run their businesses totally separately, without sharing airport counters, systems, or staff.

Brazil’s Airline Giants Azul and Gol Face Intense Scrutiny Over Codeshare Deal
Brazil’s Airline Giants Azul and Gol Face Intense Scrutiny Over Codeshare Deal.
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They insist that customers still have choices and that one deal between airlines does not make air travel less competitive in Brazil. Cade’s investigation matters because Gol and Azul together make up over half the domestic market.

Decisions in this case could shape how airline partnerships are regulated in Brazil’s future. If the codeshare gets special limits, other airlines worldwide could face stricter controls on teamwork, especially where a few firms dominate.

So far, Cade has not reported finding wrongdoing but continues to analyze. The agency is expected to state its final position later in 2024. Official sources confirm all facts, including ANAC, Cade, Gol, and Azul.

This case matters for anyone flying in or to Brazil. It will help decide how much airlines can work together before it begins to hurt competition and customer choice.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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