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Stock impact report

UPDATE 2-Norwegian Air unveils London-Rio flight, challenging 'monopoly' [Reuters]

LATAM Airlines Group SA (LTM)  More Company Research Source: Reuters
US:NYSE Investor Relations: latamairlinesgroup.net
PDF Norwegian Air unveils London-Rio flight, challenging 'monopoly' | Reuters 3 Min Read SAO PAULO (Reuters) - Budget carrier Norwegian Air ( NWC.OL ) plans to start flights between London and Rio de Janeiro in March to break what it said was a “monopoly” enjoyed by British Airways between the two cities. The route from London’s Gatwick airport to Rio de Janeiro will start on March 31 and have four weekly flights, with fares starting at 1,200 reais ($307.72) one way, Norwegian said on Tuesday. British Airways currently operates the Rio route without competition and shares the London to Sao Paulo route with LATAM Airlines Group ( LTM.SN ). Norwegian Chief Executive Officer Bjorn Kjos said the airline might explore flights from Sao Paulo to London in the future. “That would be our next city,” Kjos said in a call with reporters. He added that the airline is not currently seeking to become a player in the domestic flight market within Brazil. Brazilian Tourism Minister Vinicius Lummertz s [Read more]
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