To allow TAM Airlines to remain committed to its long-term sustainable plans for growth in Brazil, LATAM has implemented new adjustments to the network.
With the country’s failing economic scenario and increased inflation, there has been a significant slowdown in the airline industry. To combat this, TAM has enacted a gradual reduction in domestic operations, resulting in a reduced growth
The company has been working diligently to ensure the adjustments do not
impact employees, and layoffs will be less than 2 percent of its workforce.
“TAM is taking this measure to face the difficult economic scenario of the country. It is necessary to make adjustments to our network while maintaining the connectivity we offer our passengers, and strengthening even further the company’s competiveness in Brazil,”
CEO of TAM S.A.
Claudia Sender said. “We continue to believe in the country’s recovery and this adjustment in no way affects the company’s long-term strategy, which includes the renewal of the fleet, the feasibility study for the Northeastern hub and the continuous strengthening of our hubs in Brasília and São Paulo/Guarulhos."
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