News / LATAM Argentina grounded 'indefinitely' – sad but inevitable, says carrier

© Andre DurÃo

Despite strong freight demand in Latin America, LATAM Airlines Argentina today announced it would end cargo and passenger operations, indefinitely.

The LATAM subsidiary said it was “a result of current market conditions, exacerbated by the impact of the Covid-19 pandemic and the difficulty of building structural agreements with local industry actors, which has made it impossible to foresee a viable and sustainable long-term project”.

Roberto Alvo, chief executive, said: “This is regrettable but inevitable news. Today, LATAM must focus on transforming the group to ...