LATAM Airlines will increase the frequency of seven of its international routes connecting Brazil to the United States and countries in Europe and Africa, it said on Thursday. The move by Chile-based LATAM, whose local unit is currently Brazil's No. 1 carrier in international operations by market share, comes as rival Air France KLM also announced it would add a new route to the South American nation. LATAM said starting Oct. 27, it will increase flights from Sao Paulo to Orlando, Los Angeles, Johannesburg, Milan, Rome, Madrid and Lisbon by 38% when compared to the same period a year ago.
Chilean carrier LATAM Airlines hiked its earnings forecasts for this year on Thursday, backed by a strong first-quarter performance and increased demand. LATAM sees its revenues ranging from $12.8 billion to $13.1 billion for the year, up from a previous estimate of $12.4 billion to $12.8 billion. In a presentation to journalists, LATAM executives cited boosted operations, cost-containment measures and an improved capital structure as the reasoning behind the fresh EBITDAR outlook.
Chilean carrier LATAM Airlines hiked its earnings forecasts for this year on Thursday, backed by a strong first-quarter performance and increased demand. LATAM sees its revenues ranging from $12.8 billion to $13.1 billion for the year, up from a previous estimate of $12.4 billion to $12.8 billion. In a presentation to journalists, LATAM executives cited boosted operations, cost-containment measures and an improved capital structure as the reasoning behind the fresh EBITDAR outlook.