LATAM chief warns of ‘significant disruption’ for rivals if fuel remains high

LATAM Airlines Group CEO Roberto Alvo has stated that the company's financial position is robust, allowing it to absorb sustained increases in jet fuel costs. He emphasized that LATAM possesses a strong balance sheet which provides resilience against these prolonged higher prices. However, Alvo cautioned that other airlines may face considerable operational challenges due to this ongoing situation. The extended duration of elevated fuel costs presents a potential ‘significant disruption’ for competitors within the industry. LATAM’s ability to weather the storm contrasts with what could become difficult circumstances for rival carriers.