Delta to relocate Latin America HQ to Brazil

By:  
Washington DC
Source:
This story is sourced from Pro
See more Pro news »

Delta Air Lines will relocate its headquarters for Latin America and the Caribbean to São Paulo from Atlanta on 1 January, as the airline continues to grow in the region.

Nicolas Ferri, vice-president of Latin America and the Caribbean, will lead the regional headquarters, says the Atlanta-based SkyTeam alliance carrier.

"Over the past two years Delta's revenue in Latin America and the Caribbean has grown 20%," says Steve Sear, senior vice-president of global sales at Delta. "We have also embarked on a company-wide transformation process to align our product and service offering with the expectations of our growing Latin America customer base."

Latin America accounted for nearly 7% or $468 million of Delta's operating revenue in the third quarter. It increased capacity to the region by 3% during the period compared to a year earlier.

Aerolineas Argentinas joined SkyTeam in August and Delta announced a $100 million investment in Brazilian carrier Gol in December 2011. Delta has also firmed up a $65 million investment in SkyTeam partner Aeromexico, giving it more than 4% of Aeromexico's capital stock and a seat on the Mexican carrier's board.