Business

Latam Airlines Files For Bankruptcy In United States

Latam Airlines Files For Bankruptcy In United States

Last month, the Chilean-Brazilian airline said it was scaling back its operations by 95 per cent

Latin America's largest airline LATAM filed for bankruptcy in the USA on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.

"On May 26, 2020, LATAM Airlines Group filed to reorganize under Chapter 11 protection in the United States," the statement said, adding that there would be no immediate impact on passenger or cargo flights.

Last month, the Chilean-Brazilian airline said it was scaling back its operations by 95 per cent in response to the global health crisis, which has hammered the world's travel and tourism sectors.