News of airlines

Lengthy Covid lay-off ban backfires, postponing job crisis

12-12-2020 08:53 Companies have been banned from firing workers since March, with the prohibition was recently extended into 2021. But many firms have resorted to suspensions, effectively postponing future job cuts.

Airlines & Aviation

LATAM airline says it will lay off 2,700 crew

02-08-2020 19:29 Latin America's biggest airline said Friday it was laying off at least 2,700 crew to cope with the devastating effects of the coronavirus pandemic on the aviation industry.

BLOOMBERG

Jobs are being wiped out at airlines – and there’s worse to come

24-07-2020 15:34 About 400,000 airline workers have been fired, furloughed or told they may lose their jobs due to the coronavirus.

AIRLINES & AVIATION

LATAM airline workers stage protest at City Airport

23-07-2020 02:50 Dozens of employees from the Chilean-Brazilian airline LATAM staged a protest on Wednesday to demand clarity over their jobs, after the government rejected a bid to open crisis prevention proceedings.

BLOOMBERG

Argentina plans to resume foreign flights as soon as mid-August

10-06-2020 19:37 Government is looking to authorise flights to global destinations with a maximum passenger capacity of 70%, as soon as mid-August.

TRAVEL & TOURISM

Latin America's stricken airlines facing long haul to recovery

31-05-2020 08:11 IATA aviation body estimates it will take at least that time for the region's airlines to inch back to their pre-pandemic level for domestic and regional flights. Long-haul services to the United States and Europe will take until 2024 to come back, it predicts.

Bloomberg

Latam Air files Chapter 11 bankruptcy, stymied by lockdowns

26-05-2020 09:15 Latam has already eliminated more than 1,850 jobs in Chile, Colombia, Ecuador and Peru in recent weeks from its global workforce of about 40,000 people, after cutting 95% of its passenger operations.

Global pandemic

Colombia grounds flights through end of August

21-05-2020 00:41 Colombia plans to ground international travel until at least the end of August, joining Argentina in enacting one of the world’s strictest travel bans in response to the coronavirus pandemic.

Coronavirus lockdown

International flights at Jorge Newbery Airport postponed until December

12-05-2020 13:13 Nearly all international flights at Buenos Aires City's Jorge Newbery Airport have been postponed until December 1, the government has announced.

Bloomberg

Avianca files for bankruptcy as Latin American skies stay closed

11-05-2020 12:57 Avianca Holdings SA, one of the biggest carriers in Latin America, filed for Chapter 11 bankruptcy after travel bans across the region forced the Colombian airline to ground its fleet.

Bloomberg

Airline JetSmart negotiating help with Argentine, Chilean governments

07-05-2020 13:05 Low-cost airline JetSmart Airlines SpA is in talks with the governments of Chile and Argentina about helping the sector in the midst of the coronavirus pandemic, said its CEO, Estuardo Ortiz, in an interview with radio Pauta Bloomberg.

Fight against pandemic

Aerolíneas Argentinas and Austral announce merger

06-05-2020 11:25 State carrier and its subsidiary will launch merger process at next shareholder's meeting, says company president, in bid to cut costs amid the coronavirus crisis.

Coronavirus pandemic

Government bans selling of tickets for flights until September 1

27-04-2020 13:15 Commercial travel to, from and within Argentina effectively banned until September under new rules issued by National Administration of Civil Aviation.

Coronavirus pandemic

89% of stranded Argentines have been repatriated, says Foreign Ministry

23-04-2020 14:51 Between March 17 and April 16, 168,140 Argentines or Argentine residents returned home from overseas, according to Foreign Ministry.

Bloomberg

Aeropuertos Argentina 2000 SA looks to delay debt payments

22-04-2020 14:30 Aeropuertos Argentina 2000 SA launches bond swap offer in an effort to delay debt payments.

Coronavirus impact

LATAM to maintain 95% reduction of its operations until May

20-04-2020 08:00 The Chilean-Brazilian airline LATAM Airlines announced on Friday that the 95% reduction in its passenger operations announced in April will extend into May due to the coronavirus crisis, which will have a deeper impact than expected.

BLOOMBERG - OPINION

Norwegian Air shuttle tries a desperate final gamble

10-04-2020 18:12 Few airlines can be entirely confident of their survival right now. The ones in most danger are those that overextended themselves financially before the pandemic, and nobody pushed boundaries more than Norwegian Air Shuttle ASA, the budget transatlantic airline.

LOW-COST AIRLINES

Argentina’s new era of low-cost air travel at risk, say analysts

16-11-2019 10:54 Alberto Fernández’s election victory casts shadow over shift toward greater competition in the skies.

BLOOMBERG - OPINION

Chris Bryant: Norwegian Air is flying again

24-10-2019 12:44 As with WeWork, Norwegian’s once giddy valuation imploded last year when investors started to doubt that the balance sheet was robust enough to support Kjos’s huge ambitions.

LABOUR UNREST

Fernández wades into aviation dispute as pilots plan 48-hour strike

01-10-2019 17:57 Stakes are escalating in labour conflict in the aviation industry, with two pilots unions saying they will carry out a 48-hour strike this weekend.