All LATAM Airlines Group articles – Page 3
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News
US government approves Delta-LATAM joint venture
The US Department of Transportation (DOT) has given its long-awaited approval of anti-trust immunity for the joint venture between Delta Air Lines and LATAM Airlines Group.
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News
Revised LATAM forecast predicts return to pre-crisis revenues next year
Latin American operator LATAM Airlines Group is expecting to exceed pre-crisis revenues next year, and has hiked annual cost-saving estimates to more than $1 billion, in a revised business outlook as it prepares to exit US Chapter 11 protection. Its new five-year forecast sees the operator’s revenues reaching nearly $11.5 ...
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News
LATAM benefits from easing of travel restrictions in Q2
LATAM Airlines Group benefited from increased passenger demand during the second quarter of 2022 as numerous Latin American countries relaxed travel restrictions, making travel easier than it has been for two years.
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News
LATAM orders 17 Airbus A321neos, confirms interest in A321XLR
LATAM Airlines Group has ordered 17 Airbus A321neos, bringing its total orderbook for the A320 family to 100 aircraft.
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News
US DOT tentatively approves LATAM-Delta joint venture
The US Department of Transportation (DOT) has tentatively approved a proposed joint venture between Delta Air Lines and LATAM Airlines Group, more than two years in the making, but places certain conditions on final antitrust immunity for the deal.
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News
Court’s restructuring approval shifts LATAM towards Chapter 11 exit
Latin American operator LATAM Airlines Group is expecting to exit its US bankruptcy-protection process in the second half of this year after its restructuring plan secured court approval. The operator says the plan has been backed by “nearly all” of its creditors, following months of negotiation and mediation which, according ...
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News
LATAM sees ‘substantial improvement’ in quarterly results
LATAM Airlines Group reports “substantial improvement” in earnings during the first quarter of 2022, though market conditions remained challenging for the Chilean flag carrier.
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In depth
The sustainability chiefs leading the airline industry’s net-zero charge
With sustainability established as a top-tier priority for swathes of the commercial aviation sector, dedicated executives at carriers around the world are taking the lead on the topic
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Interview
LATAM Airlines Group’s sustainability chief on targets, collaboration and SAF progress
When your airline group is based in a region that has natural resources sometimes described as the “lungs of the world”, the imperative to act on climate change is keenly felt.
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News
LATAM sets sustainable aviation fuel goal for 2030
LATAM Airlines Group plans for 5% of its fuel to be sustainable aviation fuel (SAF) by the end of this decade.
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News
LATAM on ‘improving trajectory’ as it works through reorganisation
LATAM Airlines Group posted a fourth-quarter loss but sees its business on “an improving trajectory” as it aims to exit bankruptcy protection process later this year.
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Opinion
If 2022 is not the year for new airline partnerships, when will be?
As the sector emerges from the pandemic, many airline chief executives are talking up the value of partnerships with renewed enthusiasm.
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News
Virgin Atlantic to codeshare with LATAM Airlines
Delta Air Lines partners Virgin Atlantic and LATAM Airlines are to begin codesharing on flights between and beyond London and Sao Paulo.
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In depth
How far through the crisis are Americas’ biggest airlines?
While many international services remained heavily restricted for US carriers until November’s easing of travel rules into the country, access to the large domestic market had already helped give the travel recovery momentum..
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News
Delta to invest $1.2bn to bolster equity roles in Aeromexico, LATAM and Virgin Atlantic
Delta Air Lines is underpinning its partner airline strategy by investing a further $1.2 billion to retain significant equity stakes in Aeromexico, LATAM Airlines Group and Virgin Atlantic following their respective restructurings or recapitalisations.
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News
LATAM details $8.19bn financing plan to support Chapter 11 exit
Latin American operator LATAM Airlines Group has submitted its re-organisation plan to support the company’s exit from Chapter 11 bankruptcy protection. LATAM says the plan follows a restructuring support agreement, backed by its largest unsecured creditor group, as well as “certain” shareholders holding over 50% equity. It centres on the ...
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News
Azul CEO confirms interest in acquiring LATAM
Azul’s chief executive doubled down on comments he made last week about a potential acquisition of LATAM Airlines Group, pending the outcome of the Chilean airline’s bankruptcy protection process.
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News
LATAM loses $692m in Q3, sees capacity hitting 65% by year-end
LATAM Airlines Group posted a third-quarter loss but says increased vaccination rates, fewer travel restrictions and pent-up demand will propel capacity to 65% of pre-pandemic levels by year-end.
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Analysis
Azul surprises with talk of LATAM Airlines Group acquisition
Reports that Brazilian carrier Azul is preparing a bid for LATAM Airlines Group mark the second recent example of potential M&A activity to feature an airline interested in purchasing a much-larger rival.
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News
Chilean court gives green light to Delta-LATAM joint venture
Chile’s competition authority TDLC has given the green light to LATAM Airlines Group and Delta Air Lines to implement their planned joint venture.