UPDATE – Loss-making Philippine Airlines (PAL) expects to exit a deep restructuring before the end of this year, with reduced debts, a repaired balance sheet, and a 25 percent smaller fleet. After months of speculation, PAL confirmed on September 3…
Avianca has just filed its Chapter 11 plan; the Court is set to have a hearing on it on September 14, as the company positions itself to become the first Latin American carrier to exit bankruptcy following the COVID-19 pandemic. LATAM…
Today we will be looking at LATAM’s fleet plan. The South American airline has been actively reducing the size of its fleet but also has restarted the reconfiguration project of its narrowbody planes. At the end of 2019, LATAM had…
The LATAM Airlines Group’s unsecured creditors’ committee in its Chapter 11 proceedings alleged this week that Delta Air Lines and Qatar Airways took advantage of LATAM’s precarious position in 2020. The committee stated that these two carriers perpetrated fraud against LATAM.…
So far, Mexico and Colombia drive the Latin American airline industry recovery, according to stats provided by the International Air Transport Association (IATA). These two countries remain the only ones fully open across the subcontinent. Looking at Mexico and Colombia’s…
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%…