Análise do desempenho econômico-financeiro das empresas do setor de transporte aéreo brasileiro com a pandemia covid-19

Abstract

The aviation sector faced enormous challenges during economic turbulence, especially during the Covid-19 pandemic, which had unprecedented impacts on global airlines, including Brazilian companies Azul S.A. and Gol Linhas Aéreas S.A. This article examines these effects, comparing the pre-pandemic, during, and post-pandemic periods. Commercial aviation is complex, with economic, regulatory, and market factors playing crucial roles. Covid-19 drastically reduced demand for air travel, resulting in unprecedented challenges. Understanding how Brazilian companies have adapted and recovered is vital for investors, regulators, and society. The study is based on the analysis of companies' financial statements from 2018 to 2022, using financial ratios for evaluation. The results revealed a significant impact of the pandemic, with revenue and profit declines in 2020 but gradual recovery in the following years, reflecting resilience and crisis management strategies. However, companies have not fully recovered their pre-pandemic situation, facing ongoing challenges in the competitive commercial aviation environment. The study highlights the substantial impact of the pandemic on the Brazilian aviation sector, emphasizing the need to understand these challenges to guide future strategies and regulatory policies aimed at strengthening the aviation industry in Brazil.