LATAMNews

Latam Moves Closer To Pre-Pandemic Capacity Deployment

By October 21, 2022 No Comments

In October, the domestic capacity in the Spanish-speaking nations LATAM Airlines Group serves—Chile, Colombia, Ecuador, and Peru—will increase to 81% of its pre-pandemic level.

LATAM’s domestic capacity in Colombia will be greater than the supply it introduced to the market in October 2019.

LATAM anticipates that its capacity in Brazil’s domestic market will increase to 99% of its pre-crisis levels. Since the coronavirus outbreak, LATAM Airlines Brazil has increased the number of domestic airports it services nationwide from 44 to 54.

The airline group’s international capacity should be 70% higher in October than 2019. Five routes, including Sao Paulo-Boston, Rio de Janeiro-Buenos Aires, Quito-Miami, Lima-Mendoza, Argentina, and Santiago-Puerto Natales, Chile, will be restarted in October, according to the airline.

According to a reorganization plan, which will “allow the group to emerge more agile, with a more competitive cost structure, adequate liquidity to face the future, with approximately $10.3 billion in equity, and close to $6.9 billion in debt,” LATAM plans to emerge from Chapter 11 bankruptcy on November 3.

The pandemic compelled LATAM Airlines Group to file for bankruptcy protection in May 2020. In 2020, Chapter 11 was also filed by Avianca and Aeromexico, two other sizable Latin airlines. These companies have finished their restructuring procedures.

Additionally, the business deals with Air Lease Corporation to expand its fleet by five Airbus A321XLRs. The first deliveries are expected to start in the fall of 2025 and last through 2026.