Latam reduces operations by 95% in April amid coronavirus

Latam Airlines and its subsidiaries announced on Thursday that their operations would be reduced by 95% during April 2020 due to border closures and low demand caused by the coronavirus pandemic. The measures will be evaluated continuously, based on travel restrictions in different countries, as well as demand," the company said in a statement. Latam Airlines and its subsidiaries announced on Thursday that their operations would be reduced by 95% during April 2020 due to border closures and low demand caused by the coronavirus pandemic. The measures will be evaluated continuously, based on travel restrictions in different countries, as well as demand," the company said in a statement. On international routes, the group indicated that it will operate limited frequencies respectively between Santiago and São Paulo from Santiago to Miami and Los Angeles, as well as flights from São Paulo to Miami and New York. Loads The operation of Latam Cargo's subsidiaries was not limited by border closures and travel restrictions. "To support exports and imports and the transportation of essential goods in Latin America, LATAM Airlines Group is increasing capacity (in tons per available kilometer – ATK) by more than 15% in its cargo fleet. This includes an increase from 21 to 26 weekly flights between South America and the United States, a 20% increase in cargo operations between South America and Europe, as well as the operation of passenger aircraft for exclusively cargo flights." New direction The company also recalled that Roberto Alvo assumed the role of CEO of Latam Airlines Group on April 1. Similarly, former CEO Enrique Cueto was appointed by the Board of Directors as a new board member, replacing Juan José Cueto, who made his resignation yesterday. At the next Annual Shareholders' Meeting, the new Board of Directors shall be elected and renewed.