Copa Holdings’ Colombian subsidiary Wingo has added some domestic flights, but the company has no plans soon to grow the airline’s presence significantly.
LATAM Airlines Group continues to build back its operations to pre-pandemic levels, but the company’s revenue performance in the 2022 third quarter (Q3) lagged behind the same period in 2019.
LATAM Airlines Group may need to consider a widebody refresh in the future, but those decisions will be considered by the company’s new board of directors.
Over the past year Latin American carriers have worked diligently to rebuild their fleets into competitive forces as COVID-19 moves from pandemic to endemic.
LATAM Airlines Group plans to operate at 72% of its 2019 passenger flight capacity in January but warns it could revise those estimates as omicron coronavirus variant threats loom.
Brazil’s Azul has opted not to pursue an acquisition of LATAM Airlines Group but says it will evaluate further consolidation opportunities in Latin American markets.
LATAM Airlines Group operated 49.7% of 2019 capacity levels in the third quarter, a significant improvement considering the COVID-19 border restrictions still in place in a number of South American countries in which it operates.
LATAM Airlines Group is the latest operator in Latin America working to strike a fleet balance and has asked the bankruptcy court overseeing its restructuring to approve the purchase of 28 new Airbus narrowbodies.