financetom
Business
financetom
/
Business
/
Fly with a smile: Brazil airlines cheer Lady Gaga-driven demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fly with a smile: Brazil airlines cheer Lady Gaga-driven demand
May 26, 2025 12:33 AM

SAO PAULO (Reuters) - Brazilian airlines are enjoying a boost as fans from all over the country fly to Rio de Janeiro ahead of a free Lady Gaga concert that is expected to draw more than 1 million fans to Copacabana Beach this weekend.

The 39-year-old "Die with a Smile" and "Poker Face" singer from New York will take the stage at the famous beach on Saturday as part of Rio's efforts to bring superstars to perform at free events that authorities say lift the local economy.

The country's largest carriers - the local unit of Chile's LATAM Airlines, Gol and Azul ( AZUL ) - all reported on Friday that they have been operating more flights that are close to full.

LATAM said in a statement that between Wednesday and Monday it had increased the frequency of its flights to Rio's two main airports, Galeao and Santos Dumont, by 25% compared to the previous week, while offering 26% more seats.

"Passenger demand justifies the investments," said the carrier, which is also a sponsor of the concert, noting that on Wednesday and Thursday its flights from Brazilian cities to Rio de Janeiro were 90% full, a measurement known as the load factor.

That is higher than the 80.8% load factor LATAM registered in domestic routes in the first quarter.

Rio de Janeiro's city government estimates that 1.6 million people will attend the concert, Gaga's first in Brazil since 2012, with attendance also boosted by a long weekend as the South American country celebrated Workers' Day on Thursday.

Azul ( AZUL ) in a statement said the load factor of its operations to Rio this week hit 91%, while Gol said it had added 60 flights to Galeao airport from other major Brazilian cities.

The free open-air concerts, whose lineup also included Madonna last May, are providing a much-needed boost after a drastic reduction in recent years in the number of flights to Rio while the city grappled with an economic crisis.

"Music tourism is the darling of the moment in Brazil," Tourism Minister Celso Sabino said. "People are traveling more and more to see concerts and festivals. This boosts the entire tourism industry, from hotels to coconut water stalls."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved