Fitch: Brazil's Airports Will Be Hurt by Macro Pressures in 2016

SAO PAULO & NEW YORK–(BUSINESS WIRE)–Brazil’s macroeconomic underperformance will weigh on the airport sector as lower real incomes, FX devaluation, credit availability and overall confidence will diminish travel activity, according to Fitch Ratings. A recent report from the Agencia Nacional de Aviancao Civil indicates that air travel demand fell by 1.1% over the past six months, with November 2015 being the fourth consecutive month of domestic demand contraction. During that time, Brazil’s i
Source: BusinessWire-Primary

Fitch: Brazil's Airports Will Be Hurt by Macro Pressures in 2016