LATAM Airlines Group may need to consider a widebody refresh in the future, but those decisions will be considered by the company’s new board of directors.
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.