LATAM Airlines: Flying Out Of Bankruptcy with Significant Upside
We’re putting limelight on the largest airline of Latin America that is Latam Airlines. As major airlines announce their bankruptcy, Latam also faced financial problems previously and filed for bankruptcy protection. It is a part of business and normal but the marvellous thing is that, this airline has perfectly exited bankruptcy.
Now, it is showing significant improvements in comparison with the past and has developed rapidly. The recent data indicates a stronger financial position of 30% net income growth of Latam. It means this flight can be trusted by us for our future references because it is likely to perform better in future.
How Did Latam Cope with the Bankruptcy-
There’s a Chapter 11 bankruptcy legal process in the United States. Latam airlines filed this protection to sort out its debts and other resources while still operating in the market. With the help of this, the debts of this airline reduced by 35% and 12.5% operating income growth is seen. This is remarkable way to cope with the challenges and shows the importance of business mindedness.
Name Changing Policy-
If you are facing any issues with Change name on Latam Flight Tickets, below are the solutions for you.
- Your name can be changed or corrected by reaching out to the customer service on the official website of Latam.
- There’s only one condition for name changing that you must not have started your trip as of now.
- The customer service will ask for your reference number of booking, corrections in the name change, some required documents and other related information.
- Fill the details and pay the amount they’re asking for the changes.
- Lastly, make sure that you’re going for the changes prior to 24 hours of flight’s departure.
Details about Flight Changing-
If you’re worried about Latam Change Flight, let us calm you down with the information below-
- For passengers’ convenience, this airline has provided a separate section of my trips on the official website.
- Just click on that, fill out the details and check whether you can change the date without additional charges or not. Your ticket details will let you know about it through the section.
- Moreover, if you want to reschedule your trip, you can do that by entering your details. The website will help you with itinerary and list of available flights, etc.
- Most probably, there will not be any charges for such changes. But, there’s a time limit of upto 12 months to make the changes.
Future Plans of Latam-
After learning from their downs, this airline is all set to set the new benchmarks. Now, they’re planning to work on the customer experiences like providing complete WiFi facility to all by 2025. Also, they’re planning to increase the capacity by 15%-16% in future.
Conclusion-
In short, we can say that bankruptcy might be a part of business. But, becoming a resilient company and deal with the challenges must be learnt from Latam Airlines.
The way they decreased the debt burdens, filed Chapter 11, increased their liquidity and reformed their business is remarkable.
