LATAM warns of tough conditions in 2019
LATAM Airlines Group's CE Enrique Cueto has warned of challenging macroeconomic conditions for the region's airlines in 2019, even as he is cautiously optimistic that a change of govt in Brazil could benefit the country's businesses. "The Brazil currency devaluation is improving because of the election results," Cueto said. "But in any case, 2019 will be a challenge for the region." Cueto says of the country's incoming administration: "I think it might be more pro-business." His comments largely reflect general sentiments in the business community, but Cueto was quick to add that it is "yet to be seen" what the new govt will actually do to support businesses. "Like for many things in Brazil, it can be unpredictable," he adds. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-30/oneworld/latam-warns-of-tough-conditions-in-2019
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LATAM warns of tough conditions in 2019
LATAM Airlines Group's CE Enrique Cueto has warned of challenging macroeconomic conditions for the region's airlines in 2019, even as he is cautiously optimistic that a change of govt in Brazil could benefit the country's businesses. "The Brazil currency devaluation is improving because of the election results," Cueto said. "But in any case, 2019 will be a challenge for the region." Cueto says of the country's incoming administration: "I think it might be more pro-business." His comments largely reflect general sentiments in the business community, but Cueto was quick to add that it is "yet to be seen" what the new govt will actually do to support businesses. "Like for many things in Brazil, it can be unpredictable," he adds. <br/>
