Tag: Latam

Monday, January 30th 2023 - 11:14 UTC
LATAM's finances expected to recover in 2023 with passenger and cargo growth

South America's largest carrier, LATAM expects double digit revenue growth this year, according to a company guidance to stock markets. The Chile-based airline's revenues are expected to reach between US$ 11 billion and US$ 11.5 billion by the end of this year, compared to US$ 9.5 billion estimated for 2022, which if achieved would mark an increase of nearly 16% to 21%.
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Friday, September 23rd 2022 - 10:19 UTC
Leveraged loan to help Latam airlines exit from bankruptcy

Fresh air for highly indebted Latam, probably still the largest Latin American air carrier. In effect, a group of banks led by Goldman Sachs Group Inc. has launched a leveraged loan sale that will support Latam Airlines Group SA’s exit from bankruptcy.
Monday, September 12th 2022 - 19:09 UTC
Uruguay's Carrasco Airport gains momentum as more services are offered

LATAM Airlines has announced an increase in its number of flights between Montevideo and Santiago de Chile starting in September and growing steadily through December as the Uruguayan capital's Carrasco International Airport picks momentum worldwide.
Thursday, June 9th 2022 - 09:48 UTC
Resumption of Chile/Falklands air link, a “historic event”, says Argentine official Carmona

“A historic event” is how Guillermo Carmona, the Argentine Secretary for Malvinas, South Atlantic islands, and Antarctica affairs described the confirmed resumption of the weekly air link between Punta Arenas in Chile and the Falkland Islands, with a monthly stop over at Rio Gallegos in Santa Cruz province.
Wednesday, June 8th 2022 - 09:20 UTC
Commercial air link Falklands/Chile scheduled to resume 2nd July. Ticket booking begins

Following the announcement made on 7 April 2022, the air link between the Falkland Islands and Chile will resume on Saturday 2 July 2022. LATAM flight schedules will be reinstated with flights stopping in Punta Arenas and Santiago, and once a month stopping in Rio Gallegos.
Thursday, January 20th 2022 - 20:30 UTC
Latam Airlines drops 777s to the US out of fear of 5G interferences

Latam Airlines has agreed to follow Boeing's advice and not use the 777 models for its services between Brazil and the United States to avoid problems stemming from 5G cell phone antennas which may interfere with navigation gear.
Monday, January 10th 2022 - 09:04 UTC
Latam Airlines Colombia cancels 53 flights due to COVID-19

With 18% of its crews on sick leave due to COVID-19, Latam Airlines Colombia has been forced to cancel some 53 domestic flights between Jan. 8 and 16. Most of the cases were said to be of the Omicron variant.
Monday, November 29th 2021 - 19:18 UTC
LATAM Airlines plunges at Santiago stock exchange

Latam Airlines stock plunges over 80% at the Santiago market after a reshaping plan was announced, one which evaporated the value of current shares. The proposal is yet to be voted on by creditors between January and February 2022.
Monday, November 29th 2021 - 09:29 UTC
LATAM presents reorganization plan, rejects Brazilian group offer, and has to wait until January 27

LATAM Airlines Group said on Friday it had filed a reorganization plan, proposing a US$8.2 billion injection of capital in a bid to exit its Chapter 11 bankruptcy process, and at the same time announced it had rejected the Brazilian airline Azul acquisition proposal as “incomplete” and “insufficient”.
Wednesday, November 10th 2021 - 09:15 UTC
LATAM releases 3Q results: despite losses of US$ 692 million, business picking up and costs down

LATAM reported on Tuesday that during the third quarter of this year it registered a net loss of US$ 691.9 million, due to the costs of maintenance and the expenses of the restructuring carried out by the pandemic.