LATAM Airlines Group and its subsidiaries announce a reduction in international flights of approximately 30 per cent due to lower demand and government travel restrictions in reaction to the spread of the Coronavirus, COVID-19.
The measures will apply principally to flights from South America to Europe and the US between 1 April and 30 May 2020.
“Faced with this complex and extraordinarily dynamic scenario, LATAM is taking immediate and responsible measures to safeguard the group’s long-term sustainability, while seeking to secure passengers’ travel plans and protect the jobs of the group’s 43,000 coworkers,” says Roberto Alvo, chief commercial officer and CEO-elect of LATAM Airlines Group.
“At the same time, we will maintain the flexibility to take additional measures, if necessary, due to the speed at which events are unfolding,” The executive added that, given the current context, the company has decided to suspend its guidance for 2020.
To date, demand in LATAM’s domestic markets has not been affected it says and the group has decided not to implement changes to national flight itineraries for the time being.
“We will continue to monitor the progress of the COVID-19 coronavirus, promoting the sanitary measures recommended by respective authorities and providing passengers with flexibility and the best connectivity to reach their destinations,” adds Alvo.