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July 18, 2024
LATAM lost $691.9 million

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During the 2021 third quarter, LATAM lost $691.9 million due to the impact of the COVID-19 pandemic, plus the increase in costs associated with aircraft maintenance, and one-off impacts, said the carrier in a statement. 

Despite the loss, LATAM believes it is finishing the year on a strong note. The carrier expects to end 2021 operating over 65% of 2019’s capacity. 

During the 2021 third quarter, LATAM lost $691.9 million due to the impact of the COVID-19 pandemic, plus the increase in costs associated with aircraft maintenance, and one-off impacts, said the carrier in a statement. 

Despite the loss, LATAM believes it is finishing the year on a strong note. The carrier expects to end 2021 operating over 65% of 2019’s capacity. 

The financial results


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Daniel Martínez Garbuno
Daniel Martínez Garbuno is a Mexican journalist. He has specialized in the air industry working mainly for A21, a Mexican media outlet focused entirely on the aviation world. He has also published on other sites like Simple Flying, Roads & Kingdoms, Proceso, El Economista, Buzos de la Noticia, Contenido, and Notimex.