Brazil's 20 main airports will require investment of up to BRL34 billion (USD19 billion) to meet the country's passenger traffic demand up to 2030, according to a report by McKinsey (Business News Americas, 15-Jun-2010). According to McKinsey, Viracopos International Airport, Sao Paulo state, alone will require BRL4-6 billion (USD2.2-3.4 billion) to handle passenger traffic demand, with the consultancy firm adding that Congonhas Airport has already reached capacity. McKinsey stated that the two airports in the "best conditions" were Rio de Janeiro state's Galeao Airport and Parana state's Curitiba Airport. At present, 55 airports provide regular flights in Brazil, with this expected to double to more than 100 by 2030, according to McKinsey.
USD19bn required to keep up with passenger demand in Brazil
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airberlin: another record loss, but "Jack of all trades" may have a chance to escape Groundhog Day
The German airline airberlin made another record loss in 2016 and has reported net losses in eight of the past nine years. It has lost a cumulative EUR1.9 billion in the five years since Etihad became a shareholder. The only small net profit, in 2012, was because Etihad bought its loyalty scheme. The first results for this year show that losses worsened in 1Q2017.
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Crucially, though, the latest restructuring does seem genuinely radical. As new CEO Thomas Winkelmann has said, airberlin used to be a "Jack of all trades", but master of none. Past restructurings made it a Jack of fewer trades, but never fully resolved this lack of focus. The current plan brings it focus as a network airline – scaling down, and largely exiting from leisure. There is still much execution to be done, and competitive conditions are unlikely to ameliorate, but Mr Winkelmann may have a better chance than his predecessors.