Brazilian airline Azul expects to go "back to basics" and be able to focus more on its operations this year, Chief Executive John Rodgerson said, after a challenging 2024 marked by some market disruptions and a major debt restructuring, Reuters reported. "I am excited about 2025. It can't be worse than 2024," he told Reuters in an interview as the carrier reported on Monday fourth-quarter core earnings slightly above market expectations, with full-year figures matching its previously released outlook.

Peru's gross domestic product (GDP) will likely expand by 4% this year and rank as the second-fastest growing economy in Latin America, a senior official told reporters on Monday, as inflation is seen holding for another year at around 2%, Reuters reported. The Andean economy is bouncing back from recession, with the government of President Dina Boluarte and the central bank forecasting positive prospects for 2025, including fewer inflationary pressures and more investment.

Brazilian cosmetics maker Natura &Co is in exclusive talks with asset manager IG4 for the potential sale of Avon's operations outside Latin America, it said on Thursday, sending its shares higher, Reuters reported.

Telefonica decided to start insolvency proceedings for its Peruvian subsidiary, aiming to achieve its restructuring, MarketWatch.com reported. The Spanish telecommunications company said late Friday that Telefonica Hispanoamerica--the group's unit that includes assets and operations in Argentina, Chile, Colombia, Ecuador, Peru, Mexico, Uruguay and Venezuela--has granted a credit facility of up to 1.55 billion Peruvian soles, equivalent to $403.8 million, and with a maturity of 18 months, to meet operational cash requirements of Telefonica del Peru.

Brazil inflation edged down at the start of the year, as one-time energy credits provided consumers temporary relief from simmering price pressures, Bloomberg News reported. Official data released Tuesday showed consumer prices rose 4.56% from a year earlier, just under the 4.58% median estimate in a Bloomberg survey of economists and down from December’s pace of 4.83%. On the month, they increased 0.16%. The central bank is planning to take the benchmark Selic to 14.25% next month, marking its third-straight full-point hike, to bring down prices.

Brazil analysts revised up 12-month inflation expectations to further above the central bank’s goal, even after policymakers increased the benchmark interest rate by a full percentage point last month and pledged another hike of the same magnitude in March, Bloomberg News reported. Consumer prices are forecast to rise 5.87% in the 12 months, compared with 5.74% in the previous report, according to a weekly survey of economists published on Monday.

The coming auction for Venezuela’s Citgo Petroleum could leave its buyer on the hook to other creditors of the South American country, a stumbling block for the court-ordered sale, WSJ Pro Bankruptcy reported. Citgo, among the largest U.S.-based oil refiners, is being auctioned to cover debts owed by its owner, the bankrupt Venezuelan government. Bidders are contending with the risk that U.S. courts could hold Citgo responsible for judgments held by Venezuela’s bondholders and other creditors.

Brazil’s central bank said annual inflation will run above the tolerance range for the next six months, as food prices rise significantly and services costs remain elevated despite aggressive interest rate hikes, Bloomberg News reported. There will be a target breach with June 2025 inflation under the new framework, central bankers wrote in the minutes to their Jan. 28-29 policy meeting, when they stuck with prior guidance and lifted the Selic to 13.25%.

Colombia unexpectedly halted a series of interest rate cuts that began in 2023 as policymakers fret about the worsening fiscal outlook, a large minimum wage hike and tariff threats from US President Donald Trump, Bloomberg News reported. The central bank kept its benchmark interest rate steady at 9.5% in a split decision, Governor Leonardo Villar said after the meeting. Eight economists in a Bloomberg survey correctly predicted the move while 24 had forecast a quarter-percentage point reduction.

LATAM Airlines said on Friday it was still too early to discuss potential impacts of a planned merger between its two largest rivals in top market Brazil, but voiced trust in antitrust watchdog CADE to put in place mitigation measures, Reuters reported. "What we do not want is a more concentrated market, with fewer options for passengers, higher prices and less growth," LATAM's head in Brazil, Jerome Cadier, told reporters in an earnings call.