South American Aviation Group lost $ 96 million in the fourth quarter of 2020
- Author:BESSON
- Release Date:2021-03-21
According to March 11, Uruguay News, the biggest airlines, the largest airline South America Aviation Group (LATAM) on March 9, shown in the new crown epidemic, the Group's actual situation in the fourth quarter of 2020The amount of transport is only 32.9% of the Group's total fortune. The quarterly operating income fell by 68.7% year-on-year, only $ 897.5 million, operating costs 139.3 billion US dollars, and actual operations were 962.5 million US dollars.As a result, the Group's total operating losses also reached 1.6 billion US dollars in 2020.
South American Aviation Group has proposed bankruptcy protection in the United States in May 2020.The Group's Finance Vice President Agouxin said to the media that the group needs to raise a reorganization plan before June 30 this year. He is satisfied with the measures and its effects of South American Airlines responding to the crisis, and said that the Group is still up to 30 by 2020100 million US dollars enough flow funds.
South American Aviation Group has proposed bankruptcy protection in the United States in May 2020.The Group's Finance Vice President Agouxin said to the media that the group needs to raise a reorganization plan before June 30 this year. He is satisfied with the measures and its effects of South American Airlines responding to the crisis, and said that the Group is still up to 30 by 2020100 million US dollars enough flow funds.