LATAM Airlines Group's CEO Roberto Alvo wants to get his company out of bankruptcy next year with a shrinking carbon footprint and lowered costs that can help it grow in a travel market that's still recovering from the Covid crisis, reports Bloomberg.
Mr Alvo declared Latin America's largest air carrier is making progress on a financing plan that it will submit to a judge soon, putting it on track to exit bankruptcy protection as soon as the first half of 2022.
During the Chapter 11 process, the company retooled its fleet and slashed operating costs to compete with low-cost carriers.
Mr Alvo is stressing its role as a corporate citizen, including its pledge to cut carbon emissions.
latam 'will be financially much stronger than how it entered and very willing and able to take market opportunities to grow. But most important is that the countries where we operate understand the company as an asset to society.' said Mr Alvo.
Carriers around the globe are vowing to eliminate carbon emissions on a net basis by 2050 as the industry aligns with the Paris Agreement goal to limit global warming.
LATAM is investing in conservation and reforestation projects to offset its CO2 output. 'It is perfectly compatible to have a money-making business while using your platform to help the societies where we operate,' said Mr Alvo.
Mr Alvo declared that demand in the five South American domestic markets will be at pre-Covid crisis levels next year, but international travel will be slower to come back.
SeaNews Turkey
Mr Alvo declared Latin America's largest air carrier is making progress on a financing plan that it will submit to a judge soon, putting it on track to exit bankruptcy protection as soon as the first half of 2022.
During the Chapter 11 process, the company retooled its fleet and slashed operating costs to compete with low-cost carriers.
Mr Alvo is stressing its role as a corporate citizen, including its pledge to cut carbon emissions.
latam 'will be financially much stronger than how it entered and very willing and able to take market opportunities to grow. But most important is that the countries where we operate understand the company as an asset to society.' said Mr Alvo.
Carriers around the globe are vowing to eliminate carbon emissions on a net basis by 2050 as the industry aligns with the Paris Agreement goal to limit global warming.
LATAM is investing in conservation and reforestation projects to offset its CO2 output. 'It is perfectly compatible to have a money-making business while using your platform to help the societies where we operate,' said Mr Alvo.
Mr Alvo declared that demand in the five South American domestic markets will be at pre-Covid crisis levels next year, but international travel will be slower to come back.
SeaNews Turkey
