Avianca starts 2021 with a $311 million net loss due to the impact of the COVID-19 pandemic. During the first quarter of the year, Avianca had total operating net revenues of US$371 million, a 60% drop compared to its pre-pandemic…
LATAM will expand its cargo fleet to 21 aircraft. The South American company plans to grow its cargo division by ten Boeing 767s in 2023, a 90 percent increase, it said in a statement on May 18. It is not…
LATAM had good news to start in 2021. While it had a US$430.9 million net loss during 2021’s first quarter, it increased its liquidity and adjusted its fleet to face the post-COVID world. LATAM’s financial performance came following a 61.2%…
The 1Q21 was rough for carriers like GOL and Azul Linhas Aereas. In the past weeks, Brazil airlines presented their financial results. They operated amid the second wave of COVID-19 infections throughout the South American giant, which crippled demand. Nevertheless,…
Today LATAM Airlines Group announced part of its sustainability strategy for the next three decades. Among the initiatives, it plans to have zero waste to landfill by 2027 and carbon neutral by 2050, the airline said. Additionally, the fleet renewal…
April is over, and we’re looking at the first financial reports of 2021. The Latin American airlines had an uneven performance, with many of them facing new government travel restrictions. Others are soaring high and have good perspectives going forward.…