LATAM Airlines Brasil and Cathay Pacific Airways have entered into a codeshare agreement, offering passengers increased connectivity between South America and Asia. Both airlines are members of oneworld and this agreement further enhances the alliance.
LATAM Airlines Group has taken delivery of its first Airbus A320neo at Airbus’s headquarters in Toulouse, France. The ultra-fuel efficient aircraft – showcasing LATAM’s white, indigo and coral livery and fitted with Pratt & Whitney Pure Power PW1100-JM engines – was presented to LATAM Airlines Group chief executive, Enrique Cueto.
LATAM Airlines Group reported operating income of US$1.3 million for second quarter 2016 and US$220.4 for the first half of 2016. Operating margin reached 0.1 per cent for the quarter, representing a slight decrease of 0.7 percentage points as compared to the second quarter 2015.
This week marked the official start of LATAM Airlines Brazil’s special operation for the Rio 2016 Olympic and Paralympic Games throughout Brazil’s main airports. A total of more than 100 special operational initiatives were developed to efficiently serve the fans and delegations, and maintain service quality for all passengers travelling with the airline in the months of August and September.
LATAM Airlines Group has announced it will operate three weekly non-stop flights between Lima, Peru and Barcelona, Spain. The flights will begin on December 15th, 2016. Currently, around eight per cent of passengers flying on LATAM Peru’s Lima-Madrid service connect via Barcelona.
LATAM Airlines has announced it will begin a twice-weekly seasonal service between Santiago and Puerto Natales, Patagonia, from December 6th 2016. The flights will operate until February 25th 2017. The route will offer passengers easier access during the summer months to Puerto Natales and surrounding attractions, including Torres del Paine National Park.
LATAM Airlines Group’s first A320neo rolled out of the Airbus Final Assembly Line in Toulouse after the installation of Pratt & Whitney Pure Power PW1100-JM engines, showcasing the airline’s new coral and indigo livery. The aircraft will continue through the next stages of production, including completion of cabin furnishing, ground and flight tests.
Sabre Corporation has expanded its long-term technology agreement with LATAM Airlines Group with the implementation of its Flight Plan Manager and broadening the adoption of software-as-a-service solutions from the Sabre AirCentre operational suite. Sabre’s AirCentre Flight Plan Manager, which provides fully-automated flight planning capabilities and significant productivity savings, will help the group unify flight operations and fuel policies across its domestic operations in seven countries, as well as its international network.
Qatar Airways is to take up to a ten per cent stake in oneworld partner LATAM, which will be acquired in connection with a capital increase. As provided for in the subscription agreement, LATAM Airlines Group will hold an Extraordinary Shareholders Meeting no later than September 2nd, 2016 to propose a capital increase in the amount of US$613 million through the issuance of new shares at a price of US$10 per share.
LATAM Airlines Brazil has put in place more than 100 special operational measures to ensure efficient services for spectators and delegations during the Rio 2016 Olympic and Paralympic Games. The strategy was developed over the past year by a multi-disciplinary team comprising people from various areas of the company.
LATAM Airlines Group has reported an operating margin of 9.4 per cent for first quarter 2016, an improvement of 1.3 per cent over the same quarter in 2015, and net income of US$102 million, a US$142 million improvement over the first quarter 2015. The improvement in operating results was driven by a 17.8 per cent drop in operating expenses in the three months to March 31st, resulting from lower fuel prices, local currency devaluations and ongoing efficiency initiatives.