On Friday, LATAM Airlines Group announced its unsecured creditors had voted overwhelmingly to approve the airline’s Plan of Reorganization. Following yesterday’s announcement, LATAM’s Chapter 11 moves forward; the company still needs to obtain positive votes from holders of the RCF…
Let’s take a look at 1Q results in Latin America. We will review the results of the top three Mexican carriers, Volaris, Viva Aerobus, Aeromexico, and Brazil’s GOL. Other airlines will publish their financial results in the next few weeks,…
On Friday morning, the shareholders of Avianca and Viva Colombia approved the acquisition of the ultra-low-cost carrier by Avianca. The approval will shake up the Colombian market; both carriers hold 50% of the domestic and international share. Avianca and Viva…
The Mexican ultra-low-cost carrier Volaris began 2022 with a net loss of US$49 million due to the impact of the rising fuel prices and Mexico’s low season in January and February. Let’s take a look at Volaris’ financial results to…
This week, JetSMART began its expansion in Peru by start selling domestic flights in the South American country. Peru is the third country in Latin America where it operates domestically. It already flies in Chile and Argentina. Subscriber content –…
The Latin American region has had the fastest recovery in terms of capacity and passenger numbers worldwide. This region has benefited from open borders, relaxed travel restrictions, proximity to the United States’ booming market, and more. Nonetheless, the International Air…