LATAM Airlines reported on Monday its preliminary operating results for the month of August 2020, which demonstrate steady progress in the gradual recovery of the airline's network in both the domestic and international markets. The group operated at 13.9% of its capacity – measured in ASK – compared to August 2019, an improvement of almost five points compared to the previous month, when it operated 9.2%, the highest month-on-month variation since the start of the pandemic. The carrier flew 5.7%…
After five months of negotiations between stakeholders and airlines, the details and peculiarities of the federal government's aid to Brazilian airlines are finally in their final negotiation stages. According to the now-expected conditions, the government's part in the package will increase from 2.4 billion reais ($440 million) to 3.6 billion…
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…
South American carrier LATAM has suspended ticket sales on 23 routes across its network, including several domestic routes within Chile and international routes from Brazil, Chile and Peru. At the same time, the Santiago-headquartered carrier has made the bold move to suspend international destinations from five Argentinean destinations to the…
After a week of heated discussions in Argentina, LATAM Airlines Group has reiterated its decision to stop all operations of its Argentine branch LATAM Airlines Argentina as a "taken decision," as reported by local newspaper La Nación. The news comes after the local government met with the local management of…
Through a statement recorded on video today, Santiago Álvarez Matamoros, Latam Colombia CEO, announced that the carrier will temporarily suspend employment contracts until the carrier resumes operations. “Today is a very difficult day for me, as the leader of this company. After making all possible efforts and enduring expenses for…
Continuing its efforts to prepare for the post-pandemic world after its entry under Chapter 11 terms, LATAM Airlines Group has announced it is closing its branch in Argentina, LATAM Airlines Argentina. According to an official statement by the company, the ceasing will last indefinitely. Before the pandemic, LATAM Argentina (previously…
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…
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…
