Business

Latam plans to reduce its size by about 30% after filing for Chapter 11 in the US

The plan that Latam must present in the United States must include a reorganization program to transform the group. The global aviation industry believes that recovering the pre-Covid-19 demand will take years and in Latam they coincide. Therefore, they must adjust their size to another world. There is already talk of a Latam that will be 70% of what it was before the pandemic.

Source: La Tercera

Categories: Business