LATAM returns to profit despite cargo remaining weak

LATAM Airlines Group has returned to profit in the third quarter of 2016 despite cargo revenues posting a double-digit decline and volumes continuing to fall. The airline group made a profit of $4.7 million in the third quarter, compared to a $113.3 million loss in the same period last year. It made a profit of […]

LATAM makes Q1 profit despite cargo struggling

LATAM Airlines Group has made a profit of $102.2 million in the first quarter of 2016, despite cargo continuing to struggle due to weakness in Brazil. The group, which consists of LAN and TAM, and affiliates, turned the result around from a $39.9 million loss in the same period last year, helped by lower fuel […]

LATAM doubles losses and cargo keeps struggling

LATAM Airlines Group has doubled its losses to $219.2 million in 2015, and its cargo division has continued to struggle. Losses increased by 99.7 per cent from $109.8 million in 2014 to $219.2 billion in 2015. In the same time, total revenue fell by 18.8 per cent to $10.1 billion and cargo saw a 22.4 […]

oneworld CEO to step down later in 2016

Bruce Ashby is to step down as oneworld chief executive officer later this year, after more than five years leading the airline alliance. He has made himself available to stay at oneworld’s helm until June to “enable a seamless handover to his successor”. After accepting his resignation, the oneworld governing board says it has began […]

LATAM signs joint business ventures with American and IAG

LATAM Airlines Group has signed joint business ventures with its oneworld partners, American Airlines and IAG. As a result of the agreement, IAG and American Airlines customers will get access to LATAM’s network of over 100 destinations with more than 1,000 flights a day. LATAM, which consists of LAN and TAM, and its affiliates will […]