Tag: LATAM Airlines

• Thursday, June 4th 2020 - 07:47 UTC

  Qatar Airways pledge of support sends Latam Airlines stock soaring

  

  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.

• Monday, June 1st 2020 - 07:40 UTC

  Latam Brazil bailout could be delayed until at least July

  

  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.

• Monday, April 13th 2020 - 12:22 UTC

  Latam Brazil CEO: “We expect demand to return to pre-crisis levels in two to three years”

  

  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?

• Thursday, February 20th 2020 - 13:23 UTC

  LATAM sued for the alleged rape of a child flying unaccompanied

  

  A man in Florida is suing one of Latin America's largest airlines, saying his 6-year-old son was sexually assaulted by an airline employee while traveling as an unaccompanied minor from Brazil to the U.S.

• Wednesday, February 20th 2019 - 09:34 UTC

  Latam Airlines expected to have a 51% controlling interest in Latam Brazil

  

  Chile’s LATAM Airlines Group SA has asked Brazil’s antitrust regulator Cade to boost its voting stake in LATAM Airlines Brazil to 51%, formalizing a controlling interest in Brazil’s No. 2 airline that for years it was unable to achieve because of local restrictions.

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

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

  

  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

  

  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 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.