Brazilian regulator probes airlines LATAM, Gol over potential price alignment
Brazil's antitrust regulator CADE has opened an administrative proceeding against LATAM and Gol to investigate potential price alignment in the domestic passenger market, following a probe that began in 2023. The investigation identified a persistent pattern of interdependent pricing on key routes using advanced data analysis. Both airlines deny wrongdoing, asserting their commitment to free competition. The move does not imply a final ruling, and both companies will have the opportunity to present their defense.
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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.
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