Not $3 yet, but it could be in a few days. Personally, I wouldn't touch this thing no matter how low it goes. Brasilians simply don't know how to run airlines. They killed Varig, Vasp, TAM, GOL, and who knows how many other airlines. For a country where air travel is virtually essential to get between cities, I can't figure out how they manage to avoid making tons of money. But they've become experts at it.