[Brazil] - Latam Airlines Targets Expansion as Rivals Struggle

INSUBCONTINENT EXCLUSIVE:
The Latam Airlines Group is ready to spread its wings across Latin America
York Stock Exchange after its restructuring
increased its market share in Brazil from 34% in 2019 to 40% in mid-2024
This growth comes as rivals like Gol and Azul face financial challenges.Gol is undergoing Chapter 11 bankruptcy while Azul renegotiates with
creditors
(Photo Internet reproduction)Alvo noted that 42% of passengers flying within the region choose Latam
He sees great potential for air travel growth in Latin America due to geography and limited ground infrastructure.Positioned for Growth and
Sustainability LeadershipCurrent air travel rates in Latin America lag behind North America
The International Air Transport Association reports 0.6 flights per person annually in Latin America, compared to 2.5 in North America
opportunities
The airline can now benefit from tough decisions made during its restructuring
aviation policies
policies for Latin American airlines
York Stock Exchange symbolizes its comeback