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    LTM   CL0000000423

LATAM AIRLINES GROUP S.A.

(LTM)
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End-of-day quote Santiago Stock Exchange  -  05-19
376.02 CLP   +5.22%
05/12LATAM : Q1 Earnings Snapshot
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05/11Investors cut valuations of Latam startups -Creditas founder
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05/11LATAM Airlines says almost all creditors support reorganization plan
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Virgin Atlantic announces partnership with LATAM Airlines

01/19/2022 | 09:03am EDT

Virgin Atlantic is delighted to announce a new codeshare agreement with LATAM Airlines offering customers the opportunity to fly seamlessly to the South American country of Brazil.

Customers booking through Virgin Atlantic are now able to travel from Heathrow direct to Sao Paulo as well as connecting onwards onto 12 domestic airports in Brazil including Rio de Janeiro, Salvador and Florianopolis. Customers travelling from Sao Paulo to London Heathrow will also have the option to smoothly connect onto Virgin Atlantic's rest of world destinations through Terminal 3 including Tel Aviv, Delhi and Hong Kong.

Juha Jarvinen, Chief Commercial Officer at Virgin Atlantic, commented:

'We're incredibly excited to launch this new codeshare partnership with LATAM Airlines.'

'As we recover from the pandemic, partnerships are more important than ever, and we look forward to building on the incredibly successful interline relationship we have had in place for a number of years. We also see opportunities beyond Brazil and look forward to expanding our relationship even further to serve destinations throughout South America including Peru and Colombia.'

'This new partnership aims to respond to the large, fast-growing demand for leisure travellers looking to enjoy new experiences after a challenging 20 months. We know there is pent up demand for long-haul travel and we look forward to welcoming customers onboard on their way to exploring these exciting and vibrant Brazilian cities.'

'As global economies gradually recover from the impact of the pandemic, we also expect to capture demand from corporate travel heading to Sao Paulo, the commercial capital of Brazil as well as other key business hubs in South America.'

Codeshare destinations:

Sao Paulo, Brazil

Direct from London Heathrow on LATAM Airlines

Further domestic destinations in Brazil

Rio de Janeiro (GIG), Porto Alegre (POA), Belo Horizonte (CNF), Brasilia (BSB), Curitiba (CWB), Goiania (GYN), Recife (REC), Salvador (SSA), Florianopolis (FLN), Fortaleza (FOR), Vitoria (VIX) and Londrina (LDB)

Connect via LATAM Airlines' direct service to Sao Paolo from London Heathrow

For further information please contact the Virgin Atlantic press office on +441293 747373 or email press.office@fly.virgin.com

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 8 176 M - -
Net income 2022 -727 M - -
Net Debt 2022 11 856 M - -
P/E ratio 2022 -0,29x
Yield 2022 -
Capitalization 274 M 274 M -
EV / Sales 2022 1,48x
EV / Sales 2023 0,98x
Nbr of Employees 30 134
Free-Float 70,2%
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Mean consensus SELL
Number of Analysts 2
Last Close Price 376,02
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Managers and Directors
Roberto Alvo Milosawlewitsch Chief Executive Officer
Ignacio Cueto Plaza Chairman & President
Ramiro Diego Alfonsín Balza Chief Financial Officer
Hernan Pasman Chief Operating Officer
Juan Carlos Menció Vice President-Legal Affairs & Compliance
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