Another airline to have been adversely affected by the ongoing pandemic, LATAM Airlines Argentina will cease passenger and cargo operations for an indefinite period. The announcement is a result of current market conditions, aggravated by the impact of the Covid-19 pandemic and the difficulty of building structural agreements with local industry actors.
The group said the current situation has made it impossible to foresee a viable and sustainable long-term project. Parent LATAM Airlines Group filed for bankruptcy protection in the US last month.
“This is regrettable but inevitable news. Today, we must focus on transforming the group to adapt to post-Covid-19 aviation. Argentina has always been a fundamental country for the group and will remain so, with our other affiliates continuing to connect passengers from Argentina with Latin America and the world,” said Roberto Alvo, chief executive of LATAM Airlines Group.
The affiliate will cease flights to and from 12 domestic destinations while international destinations in the US, Brazil, Chile and Peru will continue to be served by other LATAM affiliates, once Covid-19-related travel restrictions are lifted by the authorities. It is the only group affiliate that will cease operations.