LATAM Airlines says operations to plunge 50% by year's end

LATAM Airlines CE Roberto Alvo said Thursday he expects the region´s largest carrier to be operating at half of pre-pandemic levels by the end of 2020, and that a full recovery was unlikely for at least 3-4 years. LATAM filed for US bankruptcy protection last month, aiming to restructure $18b in debt. It was the world’s largest airline to date to seek an emergency reorganization due to the coronavirus pandemic. Alvo said the company plans to file a $2b plan with the US bankruptcy court in the coming days to address the crisis.<br/>