TAM Group accelerates expansion in ASEAN
TAM Group, a leading GSSA headquartered in Hong Kong, announces the opening of three offices in Southeast Asia. In response to the growing demand in the region, Tam Group has embarked on joint ventures with Thailand’s GP Group and Vietnam’s TP Cargo Transport Services to launch offices in the key strategic locations of Bangkok, Ho Chi Minh […]
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 […]
LATAM takes delivery of first A350 XWB
LATAM Airlines Group has taken delivery of its first Airbus A350 eXtraWideBody (XWB), to be used by TAM from January 2016. The airline took delivery of the aircraft at a ceremony in Toulouse, France, attended by Airbus president and chief executive officer (CEO), Fabrice Bregier. The aircraft will be used on services between the Brazilian […]
LATAM increases Americas services and plans flights to Africa
LATAM Airlines Group will introduce four new routes in the Americas, to be introduced between December 2015 and January 2016, and is seeking approval for Sao Paulo (Brazil) to Johannesburg (South Africa) services. The group is planning to start three times a week services from Lima to Antofagasta (Chile), operated by LAN Peru from December 2015. […]