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 and related cost-cutting measures, labor […]
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 is likely to be pushed […]
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 their route networks in May. […]
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 to its employees. “Unfortunately we’ve […]
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 the country’s airline industry, just […]
Delta Air Lines confirmed it has officially absorbed an order for 10 Airbus A350 aircraft from LATAM Airlines Group. The group, which currently operates a fleet of 330 aircraft, has been forced to cut 95 percent of its flying as a result of the global COVID-19 crisis. Through the deal with Delta, the Atlanta-based carrier […]
In a general sense, airlines around the world have already realized the short-term effects and the best way to survive the coronavirus crisis. Now, another vital question faces the industry: how demand for air travel will behave after the pandemic is under control? When demand started falling off a cliff, executives were optimistic about the […]
LATAM Brasil, the biggest branch of the LATAM Airlines Group, is continuing to update its fleet of ten Boeing 777-300ER. The second one with the new interior, PT-MUJ, arrived from the maintenance center in Abu Dhabi just a few weeks ago, and the third one, PT-MUA, arrived this Tuesday at São Paulo Guarulhos International Airport. […]
LATAM Brasil is passing by a year of several transformations. While most macroeconomic forecasts show a stagnated economy in Brazil, the top 3 Brazilian airlines – Azul, LATAM Brasil and GOL – have shown a growth in demand and ticket prices, with much of that owed to Avianca Brasil’s virtual bankruptcy. However, this has not […]
LATAM Airlines on Tuesday announced several investments it will be making to improve passenger experience at an event in São Paulo. Estimated to cost over $500 million, the main enhancements come in product and service improvements across its fleet, including new seats and meal options. Enrique Cueto, LATAM Group CEO, prefaced the event by saying […]
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