MercoPress, en Español

Montevideo, September 20th 2018 - 13:18 UTC

Tag: LATAM Airlines

  • Friday, August 31st 2018 - 09:04 UTC

    Chile reduces air boarding taxes by 20%, effective September first

    “Chile has international boarding taxes of US$ 30, and this reduction will see them drop to 26 dollars, effective immediately, which was the 2006 level”

    Chilean Minister of Finance Jose Ramon Valente, via its official Twitter account, announced a “20% reduction in the boarding taxes, which will reduce air fares” in the country, both for international and domestic flights. He added “traveling overseas no longer is a privilege for the well off”.

  • Thursday, August 30th 2018 - 08:55 UTC

    LATAM plans to replace 1.200 airport based employees in Brazil

     “The company has adopted measures so the change will have the least impact possible on workers,” the airline said in a statement

    Chilean airline LATAM has plans to lay off some 1,200 airport-based employees in Brazil and replace them with workers from a services company in an apparent cost-cutting measure, according to a report in O Estado de S. Paulo on Wednesday. LATAM confirmed there would be redundancies but would not give an exact number.

  • Tuesday, August 21st 2018 - 08:25 UTC

    Latam announces 2Q results; currencies' turbulence has hit shares, down 25%

    With its reliance on Brazil and Argentina as both source and destination markets, the company is vulnerable to the wild economic and financial fluctuations

    With this year's sell-off in emerging markets assets hasn't just dented investor returns and confidence, but also weighed heavily on global companies with exposure to developing economy currencies. One that is LATAM Airlines, by far South America's biggest carrier and among the world's largest by network connections.