LATAM Airlines Group has reported operating income of US$567.9 million for year to December 31st, 2016, an increase of 10.5 per cent compared with 2015. Operating margins reached six per cent above full year 2015, and in line with the upper bound of the guidance provided by the company.
Qatar Airways has leased the first of four A350 aircraft from LATAM, the South American airline, for terms of 6- to 12-months, in order to meet its operational plan for the year, as well as increasing customer demand.
LATAM Cargo transported more than 160 million bouquets of flowers in the three weeks leading up to Valentine’s Day, representing 21 per cent of the total Latin American flower market over this period.
LATAM Airlines Group has announced a new non-stop service between Santiago, Chile and Santa Cruz de la Sierra, Bolivia, with three weekly flights starting March 28th, 2017. The new service is the 19th route that the airline group has published and/or launched since January 2016 as part of the continued strengthening of its international network.
Qatar Airways has taken a ten per cent stake in LATAM Airlines through subsidiary Qatar Airways Investments (UK). Both carriers are members of the oneworld alliance.
LATAM Airlines Peru has operated its first non-stop flight between Lima, Peru and Barcelona, Spain, marking the start of three weekly services between the two cities. “With this new flight – the 11th international service that LATAM Airlines Group and its affiliates have launched this year – we continue to strengthen our network and improve connectivity between Latin America and Europe,” said Roberto Alvo, senior vice president of international and alliances, LATAM Airlines Group.
LATAM Airlines Group has announced it will operate a new, non-stop service between Santiago and Melbourne, Australia, from October 2017. The westbound Santiago-Melbourne leg – measuring more than 11,000 kilometres in distance with a flight time of approximately 15 hours – will become the longest non-stop flight in LATAM´s history.
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.