Over the past year Latin American carriers have worked diligently to rebuild their fleets into competitive forces as COVID-19 moves from pandemic to endemic.
LATAM Airlines Group plans to operate at 72% of its 2019 passenger flight capacity in January but warns it could revise those estimates as omicron coronavirus variant threats loom.
Brazil’s Azul has opted not to pursue an acquisition of LATAM Airlines Group but says it will evaluate further consolidation opportunities in Latin American markets.
LATAM Airlines Group operated 49.7% of 2019 capacity levels in the third quarter, a significant improvement considering the COVID-19 border restrictions still in place in a number of South American countries in which it operates.
LATAM Airlines Group is the latest operator in Latin America working to strike a fleet balance and has asked the bankruptcy court overseeing its restructuring to approve the purchase of 28 new Airbus narrowbodies.
Following Argentina’s recent decision to lower the cap of passengers arriving on international flights, LATAM Airlines group has been forced to cancel service from Brazil and Chile to the neighboring country.
Decision makers from IAG Cargo, MASkargo, UPS and Emirates SkyCargo have confirmed their attendance at the brand-new event dedicated to air cargo network development.
Azul revealed the agreement has now been terminated and the airline has instead hired advisors to explore industry consolidation opportunities in the region.