Montevideo Carrasco Airport
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1700m x 45m
- Airlines currently operating to this airport with scheduled services
- Aerolineas Argentinas
Air Europa Lineas Aereas
- Airlines currently operating to this airport via codeshare
- British Airways
Delta Air Lines
KLM Royal Dutch Airlines
Carrasco General Cesáreo L. Berisso International Airport serves the capital city of Uruguay, Montevideo. The airport is the main international gateway to the country, hosting services from across South and North America. The airport was the main hub for defunct national carrier Pluna.
Location of Montevideo Carrasco Airport, Uruguay
Ground Handlers and Cargo Handlers servicing Montevideo Carrasco Airport
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Fuel & Oil Suppliers servicing Montevideo Carrasco Airport
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186 total articles
11 total articles
Latin America’s powerhouse LATAM Airlines Group marked the third anniversary of the merger between LAN and TAM with worsening conditions in one of its largest markets, Brazil. The country’s currency devaluation and soaring inflation is dragging down the results of airlines operating into and within Brazil, and LATAM is no different. Its top line revenues fell nearly 22% in 2Q2015 as it faced deteriorating conditions in Brazil.
Similar to other Latin American airlines, LATAM has opted to cut its 2015 capacity forecast for Brazil while refining its operating margins downwards as it adjusts to the lingering challenges in the country. LATAM is seeing some positive demand trends outside of Brazil, but at the same time is navigating continuing currency pressure in other geographies.
Since the close of the merger, LATAM has faced a downward spiral in Brazil as the country’s economy started sinking. The pressure will likely continue for the short to medium term, as most forecasts for 2016 indicate a further contraction in the country’s economy.
Large Brazilian airline Gol is gaining some attention for the restructuring it has undertaken during the past three years as market conditions in its home country deteriorated driven by a weakening economy.
Despite a still tenuous economic environment Gol has worked to improve its financial situation through capacity reduction, the restructuring of debt, network changes and a heightened focus on the corporate customer.
The results are improved leverage, a shrinking of losses and increases in its margins. Gol is refraining from declaring any definitive targets of when it will return to profitability, but believes it could be on a clear path to positive net income by YE2015 as it braces for continued higher fuel costs and currency devaluation.
BQB Líneas Aéreas has accelerated expansion, positioning it as Uruguay’s new flag carrier 18 months after the demise of Pluna.
BQB began pursuing expansion in late 2013 with four new routes, its first jet (a wet-leased A320) and a fourth ATR 72 turboprop. The carrier is planning further expansion in 2014, including the acquisition of a fifth ATR 72 and up to three A319s while the wet-leased A320 will be returned.
BQB should be large enough by the end of 2014 to render the proposed re-launch of Pluna or the establishment of another new Uruguayan carrier unnecessary. Uruguay is a small market and BQB is already about one third the size of Pluna, which had operated a fleet of 13 CRJ900s.
Even as losses continued for Brazil’s second largest airline Gol during 3Q2013, there were some positive signs in the carrier’s results and its efforts to improve its financial leverage. Its work during the past year to beat back the effects of a weakening Brazilian economy and the resulting pressure that has had on demand were evidenced in improved passenger unit revenue and yields.
Gol also recorded positive margin improvement and made strides in its leverage ratios as its exposure to the Brazilian domestic market is more pronounced than its major rival TAM, who as part of the LATAM Airlines Group is leveraging the parent company’s ability to transfer some of TAM’s exposure to the falling BRL to the LATAM balance sheet.
Going forward it seems that Gol aims to focus on international expansion as a means to weather the tough market conditions within Brazil. While the carrier is not prepared to divulge the form that expansion will take, additional service to the US might be in the offing.
Despite strides made by Brazilian carrier Gol in cost containment and yield growth during 2Q2013, the now-familiar woes of a sluggish Brazilian economy and currency devaluation continued to weaken the airline’s overall financial performance as the company recorded a BRL433 million (USD187 million) loss for the quarter.
It is an improvement over the BRL715 million (USD309 million) Gol bled during 2Q2012, and even as Brazil’s currency has weakened since 1Q2013 Gol maintains that it will still post a positive operating margin in the low single digits for 2013. This would result from structural changes it has undertaken during the last year – namely dramatic cuts in its domestic capacity. But it is growing increasingly doubtful if Gol can reverse annual losses it has posted during the last two years during 2013 as its 1H2013 losses were BRL508 million (USD219 million), and no signs of an upturn in the Brazilian economy have surfaced for 2014.
Efforts by Brazilian carrier Gol to convince the industry at large that its weak financial condition could turn a corner during 2H2012 so far have drawn little success. After the carrier recorded a 2Q2012 loss of BRL715 million (USD354 million) ratings firm Standard and Poors (S&P) opted to downgrade the carrier’s long-term corporate credit rating, concluding the company’s business risk profile as weak and highly leveraged. While the carrier’s Aug-2012 performance showed slight promise with a 1% rise in yields, pricing traction in the Brazilian domestic market remains weak, which will continue to pressure Gol’s results well into 2013.
Unlike its Brazilian rival TAM, which has a more diversified network with a larger number of international flights (and now has more network leverage through its merger with LAN), Gol’s focus until the last few months has been solely on the Brazilian domestic market. Yields in Brazil began weakening in 2011, and the country’s macroeconomic conditions have continued to diminish throughout 2012 as Brazilian GDP growth forecast are now 2% compared with previous estimates of 4%. It is a drastic drop from the 7.5% GDP growth posted by Brazil just two years ago.