Gestão do risco cambial nas excursões de viagem para os Estados Unidos: o caso da Aerotur

Abstract

The research is a course conclusion work, whose main objective is to analyze the management that Aerotur makes of the foreign exchange risk in the travel excursions that it performs to the United States. With a database of 116 passengers with a contract in force to travel in the year 2021, several variables were found and studied that significantly alter the contribution margin that the company presents in each of these customers. Statistical tests were used to support the studies of the variables, such as a descriptive investigation and Spearman's correlation, as well as absolute and relative frequencies, as well as the Kolmogorov-Smirnov, Mann-Whitney and Kruskal-Wallis tests. In addition, in this intervention project there was a sequence of procedures carried out and developed analyzes that supported the results found. The financial result that was described in the study as a contribution margin had a very large variance between different passengers, presenting a median of -19.70%, much lower than expected. Another important indicator analyzed was the exchange variation, in which a median of 41% was found, which indicates that the results of half of the passengers suffered an exchange influence above this rate, which is very high and generates significant losses for the organization. Finally, it was concluded that Aerotur's foreign exchange risk management is inefficient and protection in financial operations must be work, so it is necessary to carry out complementary research that covers longer periods and with different scenarios in the world economy and Brazilian.