LATAM Airlines reduces 30% of employees since March due to COVID-19

Al Bawaba has reported South American air carrier LATAM Airlines has laid off almost 30% of its pre-coronavirus workforce, or 12,600 employees due to COVID-19´s impact on the travel industry, the news source said.

The carrier posted a 75% drop in revenue between April and June due to widespread travel restrictions around Latin America.

The carrier went from employing almost 43,000 people across Latin America and the United States to 29,957 as of Tuesday, the company said.

LATAM reported a net loss of USD 890 million for the second quarter, slammed by the pandemic that drove the company into a Chapter 11 bankruptcy filing in May.

While employees already had their salaries cut by half in late March when the pandemic led to widespread travel restrictions in the region, it said its remaining employees are now facing cuts of 20% through September.