LATAM Airlines Group and the Union of LATAM Pilots (SPL) in Chile reached an agreement on Wednesday, cooling off the possibility of a strike which was set to begin on Thursday, the Union said in a statement, Simple Flying reported. Having recently emerged from its chapter 11 bankruptcy process, LATAM quickly faced a new challenge, the possibility of an industrial action taken by its team of pilots. On Nov. 2, with a 99% overwhelming majority, the pilots in the company voted in favor of a strike.
Latam Airlines and its main pilots’ union in Chile have reached an agreement staving off a threatened strike, the union said in a statement on Wednesday, Reuters reported. The Union of Latam Pilots (SPL), which says it represents 313 of the airline's nearly 500 pilots, voted almost unanimously last week to begin a strike, leaving a window for a mediation process mandated by Chilean law.
LATAM Airlines, South America's largest carrier, reported on Tuesday a narrower third-quarter net loss of $296 million, the company said in a statement, partly hit by high fuel prices, Reuters reported. The Chile-based airline's quarterly loss this year compares to a $694 million loss during the same three-month period last year. LATAM's revenue during the July to September period rose 97% to total $2.587 billion compared to the third quarter last year. The airline, created by the 2012 merger of Chile's LAN with Brazilian rival TAM, operates units in Chile, Brazil, Colombia and Peru.