Latam announces gradual increase in its operations from June

Latam announced a gradual increase in its operations over the next two months. According to the airline, in June the company expects to grow from 5% to 9% of its total pre-crisis capacity, and in July projects to reach 18%. Due to the uncertainty of the situation Latam will incorporate greater flexibility for the purchasing and scheduling of flights, average rates can be up to 20% cheaper.

Inchcape sales fall 32%

Inchcape PLC reported a 32% decline in sales in the first four months of the year, but said it had strong liquidity and a flexible cost base to weather the pandemic. Revenue was £2.1bn in the four months to 30 April, down 25% on a like-for-like basis, with distribution down 22% and retail down 28%. Inchape is open in 25 markets but remains closed in eight others, including the UK, Singapore and Chile.