Brazilian regulator probes airlines LATAM, Gol over potential price alignment
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An airplane of Brazilian airline Gol is seen at Brasilia International Airport, in Brasilia, Brazil May 27, 2024.REUTERS/Adriano Machado
SAO PAULO, April 28 (Reuters) - Brazil's antitrust watchdog CADE opened an administrative proceeding to investigate possible price alignment between airlines LATAM and Gol in the domestic passenger market, it said in a statement on Tuesday.
• The decision follows a probe from CADE's general superintendence that began in 2023.
• The investigation used advanced data analysis and found a persistent pattern of interdependence in price movements between the carriers on important routes, CADE said.
• Chile-based LATAM and Abra Group's Gol will be notified to present their defense, and the process opening does not represent a final judgment, the regulator noted.
• Gol denied the alleged practices in a statement, saying it has "always championed free competition and pricing freedom."
• LATAM also rejected CADE's claims, and said free competition is a "non-negotiable value" for the company.
(Reporting by Fernando Cardoso; Editing by Rod Nickel and Tom Hogue)
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