LATAM looks to the future after lean years

In 2009, the picture looked rosy for both Chile’s LAN Airlines and Brazil’s TAM Lineas Aéreas. LAN hadn’t had a loss since the second quarter of 2002 and was one of the few carriers to have an investment-grade rating. TAM, while not quite at the same financial level as LAN, was the largest airline in […]

Latam Airlines investors getting restless

Some three years after the merger of Chilean carrier LAN and Brazil’s TAM, Latam Airlines Group SA has been declared the worst performer of this decade on the Bloomberg Americas Airline Index. The carrier’s stock price continues to slump and post poor results, including sending shares to a six-year low this month. According to data […]

LATAM Group opens new São Paulo cargo terminal

The LATAM Airlines Group has opened its largest cargo facility in Brazil, at Guarulhos Airport in São Paulo. The US$11.5 million facility, intended to be used exclusively for domestic cargo, has a total surface area of 161,458 square feet. The terminal provides significant new services and much more space than the old facility, which had […]

LATAM shifts focus from freighters to belly cargo

The LATAM Airlines Group, formed through the merger of Chile-based LAN Airlines and Brazil’s TAM, is hoping a strategy of downsizing its freighter fleet while carrying more cargo in the bellies of its passenger aircraft, will ensure a profitable cargo operation in 2015. While the United States suffered through the Great Recession, Latin America’s economy […]

The week in brief

VG Cargo GmbH celebrated the opening of a third state-of-the-art cargo terminal on Sept. 19 at Frankfurt-Hahn Airport. The company built a 15,000-square-meter warehouse directly on the apron. VG Cargo now has more than 35,000 square meters of warehouse space at Frankfurt-Hahn. Also, the company added Air China Cargo as a new customer effective Sept. […]
  • September 24, 2014

LATAM moves ahead with Miami hangar

LATAM Airlines Group broke ground Wednesday on its US$15 million (11 million euro) maintenance hangar at Miami International Airport (MIA). The new facility, which will be completed in 12 to 14 months, is the company’s first maintenance hangar in the U.S. and figures to benefit cargo operations. It will be able to accommodate aircraft up […]

The week in brief

Cargo traffic and capacity for LATAM Airlines Group decreased by 11.5 percent in April compared to the same month in 2013. As a consequence, the cargo load factor remained flat at 61.1 percent. The decrease in cargo capacity and traffic is a result of a reduced freighter operation driven by weaker seasonal products from Latin […]
  • May 15, 2014

The week in brief

Budapest Airport (pictured above) is set to welcome new airlines and further increase its route network during 2014. In the beginning of summer, Norwegian will add a fifth route to its Budapest network, launching a thrice-weekly service to London Gatwick. Connections to the UK will be boosted further by the inauguration of services by Jet2.com […]
  • January 16, 2014
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