LATAM pauses Colombia growth amid Brazil optimism

LATAM Airlines Group has paused its growth in Colombia given the country’s poor macroeconomic situation which has affected the group’s core market, business travellers, Senior Vice-President (Commercial) Roberto Alvo said during a quarterly earnings call. “Given the macroeconomic situation in Colombia, particularly devaluation last year, we decided to pause our growth for a few months. And at this point in time, we are at that stage. But we’re looking at the developments very closely, and we’re satisfied with what we have achieved in the last seven months,” he said. The Latin American carrier holding announced plans to expand its LATAM Airlines Colombia (4C, Bogotá) subsidiary in mid-2019 and, as Alvo underlined, has so far achieved its development goals. The Colombian unit exclusively operates narrowbody aircraft – eight A319-100s and twelve A320-200s – and predominantly flies domestic routes. Its only international services are to Lima Int’l, according to the ch-aviation schedules module.