Exclusive: Brazil considers further flight cuts as coronavirus crisis bites [Reuters]
LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of) (LTM)
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Source: Reuters
Exclusive: Brazil considers further flight cuts as coronavirus crisis bites RIO DE JANEIRO/SAO PAULO (Reuters) - Brazil’s government is discussing with the country’s main airlines further reducing a minimal flight schedule implemented due to the coronavirus crisis as travel demand remains close to zero, three sources told Reuters. The existing pared back flight schedule was designed by Brazil’s civil air travel regulator in late March and connects 46 of Brazil’s cities with close to 180 flights per day on average. Brazil is larger than the continental United States and has some 210 million people. But a study by Brazil’s government, two of the sources said, found that there are too many empty or close-to-empty flights in the current schedule. The country’s three main airlines are also bleeding cash, like their peers around the world, with most of their fleets grounded. LATAM Airlines, Gol Linhas Aereas Inteligentes and Azul SA have been seeking government cash help to weather the cris
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