As the economic effects and the public health crisis of the coronavirus pandemic continue to harm international demand, LATAM Brasil, Brazil's second-largest airline before 2020, has announced it will start to lay off a part of its cabin workforce. According to G1, the number of employees fired will start from 2,700, which represents 28% of LATAM's cabin crew employees, as per figures given by the National Union of Aeronauts (SNA), which represents the workers. The announcement comes after negotiations between…
As Brazil's domestic COVID-19 pandemic turns five months old, the largely-awaited government relief package to airlines is still a big question mark for investors and industry executives alike. While conditions of the aid are still a topic of discussion between the government and airlines since the beginning of the demand…
As the New York Times published on Thursday, LATAM Airlines Group, announced it will be adding its unit in Brazil to the debt restructuring process. The company said the proposal still required approval from the U.S. Court. LATAM also announced it would add its unit in Brazil to the bankruptcy…
In a move that was unexpected by the market, Azul Linhas Aéreas and LATAM Airlines Brasil have announced a domestic codeshare agreement and a partnership between their frequent-flier programs, TudoAzul and LATAM Pass. The two are, respectively, the third and first airlines in Brazil by pre-COVID-19 domestic traffic, and plan…
The arrival of the COVID-19 pandemic in Brazil brought demand for air travel down by a previously unimaginable amount. If during the first two months of the year airlines were experiencing a very healthy demand scenario with solid financial numbers, the month of March was disastrous. And it was only…
After the initial shock caused by the arrival of COVID-19 in Brazil and the economic and social changes that were accordingly enacted, local airlines have started to take action against the longer-term effects of the economic crisis caused by the pandemic. As this includes the grounding of aircraft, capacity adjustments…
LATAM Airlines Group's recent Chapter 11 bankruptcy filing — precipitated by the need to restructure in the midst of the massive industry shock caused by COVID-19 — will likely affect the government bailout expected to go to its Brazilian branch, Reuters reported this Friday. According to the news agency, the bailout…
In the same week Brazil became the country with the second most confirmed cases of COVID-19 in the world, Azul Brazilian Airlines, GOL Airlines and LATAM, the country's three major airlines, have started to roll out their networks for June. Somewhat counterintuitively, the three reported a capacity increase compared to…
LATAM Airlines Group, the largest airline conglomerate in Latin America, announced it will lay off 1,400 workers from its branches in Chile, Colombia, Ecuador and Peru. The news was confirmed by the company on May 15, after Reuters released an internal video where LATAM CEO Roberto Alvo announced the measures…
After several weeks of discussions between companies, agents of the federal government and private banks, an agreement surrounding a bailout for airlines in Brazil is set to be closed by the end of next week, according to Brazil Journal, a local economic news website. The COVID-19 crisis fell severely over…
