LATAM Airlines Group has released a five-year business plan that projects 13% revenue growth from pre-crisis levels by 2026, driven in part by a forecast of robust growth in Brazil and Chile’s domestic markets.
Twenty years on from 9/11, the global industry is battling the COVID-19 pandemic, which has shaped up to be the worst crisis in the history of commercial aviation. But the difference between then and now is that U.S. airlines are poised to recover more rapidly.
U.S. airlines warned of softening demand for post-Labor Day air travel, although they expect the weakness to subside in time for the winter holiday season.