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Montevideo, May 12th 2021 - 23:12 UTC

Tag: Roberto Alvo

  • Friday, May 7th 2021 - 08:40 UTC

    LATAM Airlines goes environment conscious for the years to come

    “The environment cannot wait 15 years to have the necessary technologies to reduce emissions,” Alvo said.

    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.

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  • Thursday, July 9th 2020 - 10:45 UTC

    Progress in Chapter 11 tranche financing for LATAM Airlines

    LATAM Airlines Group S.A. (‘LATAM’) today presented the second tranche financing proposal to the Court of the Southern District of New York, as part of the Chapter 11 process. Tranche A amounts to US$1.3 billion that was committed by Oaktree Capital Management L.P. and its affiliates. This proposal must be reviewed and approved by the court in the coming days.

  • Thursday, June 18th 2020 - 23:00 UTC

    LATAM Argentina announces options for purchased ticket holders

    “This is regrettable but inevitable news. LATAM must focus on transforming the group to adapt to post-COVID-19 aviation,” said Roberto Alvo, CEO of LATAM

    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.

  • Thursday, June 18th 2020 - 10:15 UTC

    LATAM's Argentina branch will cease operations indefinitely; 1,715 staff to be laid off

    LATAM blamed the decision in part on Argentina’s government, which imposed one of the world’s toughest travel bans, drawing an outcry from the industry.<br />

    LATAM Airlines Group said on Wednesday its Argentine subsidiary will cease operations indefinitely, cancelling all domestic flights, its first major cutback since filing for bankruptcy protection. The announcement fell short of saying the company, Latin America’s largest airline, will entirely wind down its subsidiary, although it is unclear if it will ever resume operations.

  • Tuesday, May 19th 2020 - 08:42 UTC

    LATAM Chile, Colombia, Ecuador, Peru to lay off 1,400 workers

    LATAM CEO Roberto Alvo announced the measures, “Unfortunately we’ve come to the conclusion that we have no option other than starting to reduce the group”

    LATAM Airlines Group, the largest airline conglomerate in Latin America, announced it will lay off 1,400 workers from its branches in Chile, Colombia, Ecuador, and Peru. The news was confirmed by the company on May 15, after Reuters released an internal video where LATAM CEO Roberto Alvo announced the measures to its employees.

  • 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.