Issue Overview
United and Alaska joined the earnings parade last week. More on that in a second. First, there’s growing chatter about a possible mega-merger in South America, pairing the Brazilian carriers Gol and Azul. Any such deal would by extension involve Avianca, which is merged with Gol under the Abra umbrella. Would regulators allow Brazil to be left with just two major airlines? Even three seems a bit scant. We’ll see soon enough if there’s in fact a deal to be done.
