Brazil Antitrust Regulator Opens Case Into Possible Gol–Latam Fare Alignment

Overview

• The Cade’s General Superintendence, which opened the administrative case on Tuesday, notified Gol and Latam to file defenses within 30 days.
• Investigators report persistent price interdependence in 2022–2023 fare data, including identical amounts down to the cent on the busy Rio–São Paulo corridor.
• Cade’s Projeto Cérebro used advanced data analysis and found both airlines relied on the same pricing and market‑intelligence vendors that feed algorithms with shared data.
• The authority says the case is not a finding of guilt, and the Tribunal do Cade will decide next steps after the companies respond and more evidence is examined.
• If violations are proven, Brazilian law allows fines of up to 20% of gross revenue, while Gol and Latam publicly deny any anticompetitive conduct.