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The National Civil Aviation Agency (ANAC) today announced the loss of four major airlines of Brazil: Avianca, Azul, Gol and Tam altogether, had losses of R$3.7 billion in January-September 2015. The figures for the fourth quarter were not disclosed.

Avianca Brazil, chaired by José Efromovich totaled in the third quarter net profit of R$9.2 million. Compared to the same period in 2014, the company had losses of R$49.3 million.

Despite the positive figures recorded between July and September, the carrier ended the year with a net loss of R$29.3 million. In the same period the year before, the figure reached R$112.5 million.

Azul is another company to close the year in the third quarter in red. In the period, net loss reached R$30.4 million. When comparing the figures with 2014, however, the airline had recorded income of R$68.1 million.

Cumulatively, through the first three quarters of last year, the company led by Antonoaldo Neves ended the period with net losses of R$267.1 million. Between January and September 2014, the company also closed down, but the numbers did not have the same magnitude: R$31.1 million.

Gol followed the same path of competitors, however, with negative numbers of greater expression. In the third quarter of 2015, net loss totaled R$1.5 billion. Compared to the same period last year, losses totaled the numbers of R$33.5 million.

From January to September, the carrier, which is headed by Paul Kakinoff, had a net loss of R$2.289 billion. In 2014, the figures were R$508.9 million, the losses rose 450%.

Tam Airlines closes with net loss R$612.7 million in the third quarter. Compared to the same period of 2014, the drop in sales was R$208.8 million.

The company commanded by Claudia Sender, has accumulated losses of R$1.144 billion from January to September last year. In 2014, however, the negative balance totaled R$413.3 million.