Flight canceled? Understanding the 123 Milhas travel platform scandal #BrazilThisWeek
In the last few days, 123milhas, the third-largest Brazilian flight and travel platform in Brazil, canceled thousands of bookings. The problem? "Unfavorable market conditions." It didn't take much for a crisis to develop, and the company came onto the authorities' radar - mainly due to selling packages with flexible dates. Finance Reporter Diogo Rodriguez and Deputy Editor Fabiane Ziolla Menezes explain what happened with the company and what impacts this crisis could have on the Brazilian tourism sector, whose recovery continues to be driven by the post-pandemic trend of short trips by bus or car.