Brazil's Porto Alegre airport to resume operations after major floods
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 09 2024
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Should l Buy ?
Source: Reuters
Airport Operations Resumption: Salgado Filho International Airport in Porto Alegre will resume operations on October 21 after being closed due to severe flooding that occurred in May, which resulted in over 180 fatalities and significant damage to the airport infrastructure.
Impact on Airlines: Azul Airlines plans to operate up to 60 flights daily upon reopening, offering 57,000 seats weekly, while LATAM Airlines reported a $25 million loss in operating income due to the floods.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
