CAPA Live: LATAM Airlines Group ready for fierce competition

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As LATAM Airlines Group aims to exit Chapter 11 bankruptcy protection by the end of 2021 the company believes it will be well positioned, and sees opportunities in some of its key markets, including Colombia and Brazil.

Yet even as LATAM remains confident in its prospects after completing its restructuring, there are challenges for airlines in the short term as a patchwork of travel restrictions remains in place. And the company is stressing that governments will play a key role on the path of Latin America’s recovery.

LATAM also believes there could be changes in Latin America’s aviation landscape, because some debt levels by airlines operating in Latin America could be unsustainable.

Summary:

  • LATAM Airlines Group believes the bankruptcy process will make the company leaner and more efficient.
  • The company continues to believe that there are opportunities in Colombia, despite the ambitions of low cost airlines in the country.
  • Brazil remains LATAM’s most important market by a wide margin.
  • The financial struggles of airlines in the region could change the competitive landscape in Latin America.
  • Governments will play a key role in the pace of Latin America’s recovery from the COVID-19 pandemic.
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