- According to Exame -- Expedia, the largest online travel agency in the world, with annual revenue of over US$21 billion, is coming to Brazil. According to Exame, Expedia partnered with Brazilian agency Tour House through its subsidiary Egencia and plans for almost US$700 million in sales over the next year.
- So which airline do you think was more profitable in 2009? Jetblue? Delta? Gol? According to a study done by Economatica, two Brazilian airlines were the most profitable in all of America - North and South. TAM was far and away the most profitable, taking home US$ 771 million, followed by Gol with profits of US$ 493 million. Southwest came in 4th place with US$ 99 million. American Airlines lost almost US$ 1.5 billion. In other words, use your AA miles soon. TAM, meanwhile, sees the air traffic growth of 18% in 2010.
- One of my favorite Brazilian clothing stores, Richards, was purchased by the InBrands group, according to Dinheiro. The group already owns Ellus, 2nd Floor, Isabela Capeto, Alexandre Herchcovitch, and Luminosidade - which organizes Sao Paulo Fashion Week and Fashion Rio. The purchase should bring Inbrands' annual revenue from R$ 300 million to R$ 540 million.
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