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Stock impact report

Argentine budget airlines say government blindsided them with travel ban [Reuters]

LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of) (LTM) 
US:NYSE Investor Relations: latamairlinesgroup.net
Company Research Source: Reuters
Argentine budget airlines say government blindsided them with travel ban SAO PAULO/BUENOS AIRES (Reuters) - Argentina’s two low-cost airlines on Tuesday accused its Peronist government of lying about whether the implementation of an air travel ban to combat the coronavirus had been discussed with the industry beforehand. Earlier this week, Argentina prohibited all commercial flights and ticket sales until Sept. 1, making for one of the toughest travel bans currently in place around the world. The carriers, which compete with the country’s largest airline, Aerolineas Argentinas, which is state-owned and funded by taxpayers, said they were blindsided and accused the government of ignoring the concerns of the private air travel industry. “We had no idea that a discussion about (the travel ban)existed, least of all that a decision had been made,” said Estuardo Ortíz, the chief executive officer of JetSMART, which recently started domestic flights in Argentina. Esteban Tossutti, the presid Show less Read more
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