Articles tagged “latam”

This Company Is Travel’s First to Emerge From a Major Pandemic Bankruptcy

This Company Is Travel’s First to Emerge From a Major Pandemic Bankruptcy

Matthew Parsons, Skift

The European and Chinese backers of travel agency WorldStrides seem to think there'll be a rebound for international student travel. Do they know something we don't?

3 weeks ago

Bankrupt LATAM Airlines Took a $1.7 Billion Q1 Impairment Due To the Pandemic

Bankrupt LATAM Airlines Took a $1.7 Billion Q1 Impairment Due To the Pandemic

Fabian Cambero, Reuters

The first quarter of 2020 was impairment season for global travel companies, and LATAM chipped in $1.7 billion. For some travel industry firms, the second quarter will likely be worse.

5 months ago

Latin American Airline Latam Files for Chapter 11 Bankruptcy Protection

Latin American Airline Latam Files for Chapter 11 Bankruptcy Protection

Rama Venkat and Jamie Freed, Reuters

The carrier now faces a hard sell in convincing other shareholders to shore it up with additional financing.

5 months ago

Delta-Latam Tie-Up Could Expand SkyTeam Reach in South America

Delta-Latam Tie-Up Could Expand SkyTeam Reach in South America

Grant Martin, Skift

The new partnership in the works between Delta and Latam may drastically affect the way that Oneworld and SkyTeam loyalists shift their business. But there's still no timeline for when any changes will happen.

1 year ago

Brazilian Air Regulator Criticizes Tweaks to Aviation Bill Meant to Encourage Competition

Brazilian Air Regulator Criticizes Tweaks to Aviation Bill Meant to Encourage Competition

Fabiola Moura and Mario Sergio Lima, Bloomberg

Brazil clearly wants foreign airlines to come in and help cut prices but in order to do so it probably needs to make regulations as attractive as possible.

1 year ago

Argentina’s Flyers Pounce on Fares as Low as $7 as Government Loosens Regulations

Argentina’s Flyers Pounce on Fares as Low as $7 as Government Loosens Regulations

Patrick Gillespie, Bloomberg

Deregulation is fun, right? We'll have to see how the market evolves in Argentina. Maybe someday consumers will miss some aspects of regulation. But for now, people seem happy with $7 fares.

2 years ago

Latam Airlines May Have Finally Got Back Its Momentum

Latam Airlines May Have Finally Got Back Its Momentum

Eduardo Thomson, Bloomberg

This is good news for Latam but even better news for the region as it continues to deal with disappointment in Brazil and the complete failure of Venezuela.

3 years ago

Qatar Airways Invests in LATAM Airlines With 10 Percent Stake

Qatar Airways Invests in LATAM Airlines With 10 Percent Stake

Associated Press

With a stake in LATAM, Qatar CEO Akbar Al Baker seems intent in embarking on a global investment strategy with parallels to that of rival Etihad, although the latter has hit the pause button and is reviewing its strategy after some European investments that haven't worked out so well.

4 years ago

Airlines Ask DOT for Permission to Collude Over a Debt Collection

Airlines Ask DOT for Permission to Collude Over a Debt Collection

Justin Bachman, Bloomberg

This is a highly unusual request for U.S. carriers to seek a reprieve from antitrust immunity from the Department of Transportation so they can figure out how to be more powerful debt collectors in Venezuela. It shouldn't cause too many antitrust concerns although it's difficult to see how the group effort to pressure Venezuela would do much good.

4 years ago

LATAM Airlines Group Posts Loss as Qatar is Poised to Take a Stake

LATAM Airlines Group Posts Loss as Qatar is Poised to Take a Stake

Brian Sumers, Skift

LATAM Airlines Group has so much exposure to Brazil that its second quarter loss hardly comes as a surprise.

4 years ago

Qatar Airways Wants a Small Stake in Latam Airlines

Qatar Airways Wants a Small Stake in Latam Airlines

Deena Kamel Yousef and Chris Reiter, Bloomberg

Qatar Airways wants a piece of Latam as it struggles with decreased air travel demand in South America.

4 years ago

LATAM Unveils Comprehensive Rebranding With Global Focus

LATAM Unveils Comprehensive Rebranding With Global Focus

Marisa Garcia, Skift

Repositioning a brand and integrating two airlines is a challenging process, and LATAM has taken its time to work out the details. Right now, its efforts are looking good.

4 years ago