Tag: Latin

Latin America must restart air travel by July to avoid bankruptcies: trade group

BOGOTA (Reuters) – Latin American countries should quicken steps for airlines to renew domestic flights no later than July before more companies are forced to declare bankruptcy or close, a high-ranking official of the International Air Transport Association (IATA) said on Thursday.

The trade group estimated losses for airlines in Latin America at $4 billion this year, with total losses for the industry expected to reach $84 billion globally.

Latin America has imposed stricter travel restrictions than most regions to fight coronavirus. Colombia and Argentina have banned international flights through to Aug. 31, while other countries including Peru, Ecuador, El

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