LATAM and Jetsmar will be resuming their flights to Punta Arenas from Santiago on November 2 and 4 respectively. The announcement by Magallanes Region officials followed the arrival of Sky airlines to Puerto Natales and the confirmation of two weekly flights, Tuesday and Thursdays until the end of the year.
LATAM Airlines strongly denied on Monday it has intentions of getting rid of its operations in Brazil, given the interest of its main competitor Azul airlines, as was reported by the Wall Street Journal indicating that there were ongoing conversations with Latam creditors to purchase its Brazilian affiliate.
LATAM Airlines Group has launched Wednesday in Santiago, Chile, an environmentally conscious plan for the coming years named LATAM Group Sustainability Strategy, to offset 50% of emissions from its domestic operations by 2030.
The Falkland Islands Government can confirm that commercial air links with both Chile and Brazil will remain suspended for a further three months until 29 June 2021.
Qatar Airways is pleased to announce it has increased São Paulo services to 10 weekly flights and expanded codeshare cooperation with LATAM Airlines Brasil optimizing connectivity for both airline’s passengers to and from destinations in Asia, the Middle East and South America. The new codeshare agreement will further strengthen the two airlines’ strategic partnership, first initiated in 2016 and recently expanded in June 2019.
LATAM Airlines expects to function at 38% normal capacity during the month of December according to a press release from the company. This includes the resumption of some international routes that remained suspended because of the coronavirus pandemic.
LATAM Airlines Group informs that LATAM Airlines Argentina announced on Wednesday that it will cease passenger and cargo operations for an indefinite period. The announcement is a result of current market conditions, exacerbated by the impact of the COVID-19 pandemic and the difficulty of building structural agreements with local industry actors, which has made it impossible to foresee a viable and sustainable long-term project.
Latam Airlines registered a significant rise Tuesday and Wednesday on the Santiago Stock Exchange, rising 37.63% and 16%, which is attributed to the support that its partner Qatar Airways, who owns 10% of the Chilean airline, disclosed.
LATAM Airlines Group's U.S. bankruptcy filing last week will delay its potential bailout in Brazil to at least July and also push back aid to its rivals at least through the end of June.
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?