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Stock impact report

Avianca Brasil still selling tickets on routes it plans to cancel [Reuters]

LATAM AIRLINES GROUP SA (LTM) 
US:NYSE Investor Relations: latamairlinesgroup.net
Company Research Source: Reuters
Avianca Brasil still selling tickets on routes it plans to cancel - Reuters 4 Min Read SAO PAULO, April 15 (Reuters) - Struggling Brazilian airline Avianca Brasil had told regulators that it was permanently cancelling several routes as of Monday despite continuing to sell tickets for them on its website, according to a letter seen by Reuters. The airline, which has been fighting aircraft lessors in bankruptcy court, told civil aviation regulator ANAC in the letter sent on Friday that it was ending 48 flight frequencies — around a quarter of its capacity — due to a shrinking fleet. The letter, which has not previously been reported, was the strongest sign yet of the operational impact of a bankruptcy process started in December by Brazil’s fourth-largest airline. The changes were due to take effect on Monday, according to the letter, but Avianca Brasil’s website showed it was still selling tickets for several of the routes that it had told ANAC it would discontinue. For example, Avianc Show less Read more
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