LATAM Airlines Group, the largest airline holding company in Latin America, has received a series of credit rating upgrades from Fitch Ratings (US), reflecting improved financial performance and stronger fundamentals following its post-bankruptcy recovery. The agency affirmed a Positive Outlook across all categories.
Delta Air Lines and LATAM Airlines Group are preparing to integrate Argentina into their existing trans-American joint venture, a move that is still subject to regulatory approval from the Argentine authorities. This expansion would mark a significant enhancement of their collaborative network in South America.
LATAM Airlines Group, based in Chile, has released its financial outlook for 2025, projecting an adjusted EBITDARbetween $3.2 billion and $3.6 billion. This optimistic forecast aligns with the airline’s continued recovery and expansion following the global resurgence of air travel.
LATAM Airlines Group, based in Chile, has signed its first-ever Sustainability-Linked Loan (SLL), securing financing of $300 million. The agreement was signed with Crédit Agricole CIB and BNP Paribas, both headquartered in France. This milestone marks a significant step in LATAM’s commitment to achieving its environmental, social, and governance (ESG) objectives.
LATAM Airlines Group, based in Chile, reported strong passenger growth for October 2024, with a total of 7.1 million passengers, reflecting an 11.1% increase compared to the previous year. The airline also saw Revenue Passenger Kilometers (RPKs) rise by 14.9% and Available Seat Kilometers (ASKs) by 14.8%. Additionally, the Passenger Load Factor (PLF) held steady with a slight increase of 0.1 points to 85.7%, indicating high seat occupancy across LATAM’s…
LATAM Airlines Group, based in Chile, announced a 7.6% increase in total operating revenues for the third quarter of 2024, reaching $3.28 billion. The airline also reported a net income of $301 million and maintained a liquidity position of approximately $3.6 billion, reflecting a stable financial standing in an evolving aviation landscape.
The Latin American and Caribbean Air Transport Association (ALTA) has named Roberto Alvo, CEO of LATAM Airlines, as the new chair of its Executive Committee for the 2024-2025 period. Alvo, a seasoned leader in the aviation industry, is expected to bring a strategic vision to ALTA’s initiatives focused on sustainable and efficient growth within Latin…
Lufthansa Technik has approved over €1 billion in investments to expand its global aircraft maintenance, repair, and overhaul (MRO) operations across the Americas, Asia-Pacific, and EMEA regions.
LATAM Airlines Group has bolstered its long-haul fleet by placing an order for 10 Boeing 787-9 Dreamliners, with an additional option to purchase five more of the wide-body aircraft.
