Business

Latin America's biggest airline will keep passenger flights reduced in 95%

On the other hand, Latam's cargo division is increasing capacity from Europe, North America and Asia

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  • Brazil’s three largest airlines are expected to keep the offer of flights practically unchanged in May compared to April
  • impacts of the pandemic are more profound more lasting than initially expected, says the CEO of Latam

Latam Group, Latin America’s biggest airline company, announced that it will keep throughout May the reduction of 95% in its offer of passenger flights. The firm says it is maintaining services adapted to the reduced demand in the countries where it operates due to the COVID-19 pandemic. In Brazil and Chile, its main markets, the group reported that it will maintain a reduced number of domestic flights.

“Today we can see that the impacts of the pandemic are more profound and that they will be more lasting than initially expected,” said in a statement the CEO of Latam Airlines Group, Roberto Alvo. “Given this adverse scenario, it is inevitable that the group and its subsidiaries will resize and rethink the way they operate,” he added.

Cargo

Latam Cargo division, by its turn, increased its capacity by 40% between South America and Europe and by 15% from South America to Miami. The cargo transportation division has also launched cargo routes from Santiago to Mexico City and Los Angeles and is using passenger planes to operate dozens of cargo-only flights across the Americas, and soon to China to transport medical supplies to South America.

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Brazil

Brazil’s three largest airlines – a group that besides Latam, includes Gol and Azul – are expected to keep the offer of flights practically unchanged compared to the essential network announced for the period from March 28 to May 3, which suffered a 92% cut, according to Valor Econômico.

There may be some change, with occasional adjustments in the number of flights. But the size of the network established for April will probably remain the same.