RIO DE JANEIRO, BRAZIL - LATAM Airlines, Latin America's largest air transport group, announced Thursday that despite the severe travel restrictions and contraction in demand due to the pandemic, it closed the first quarter of the year with US$2.6 billion of available liquidity.
"We have closed a difficult first quarter," said the company's chief financial officer, Ramiro Alfonsín.
The group managed to reduce its costs by 43.3% during this period, efforts that, according to its executives, kept the company healthy in the face of the crisis caused by the covid-19 pandemic.
"We believe that . . .