Bankrupt LATAM Airlines Took a $1.7 Billion Q1 Impairment Due To the Pandemic

LATAM

LATAM Boeing 787-9 Dreamliner photographed on May 13, 2016. LATAM said May 29 that it lost $2.1 billion in the first quarter. LATAM

Skift Take: The first quarter of 2020 was impairment season for global travel companies, and LATAM chipped in $1.7 billion. For some travel industry firms, the second quarter will likely be worse.

— Dennis Schaal

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Belgium Restarts Cross-Border Family Visits

Geert Vanden Wijngaert  / Associated Press

Three Brussels Airlines planes stand at departure gates at Brussels Airport, in Zaventem, Belgium, April 3, 2016. Brussels approved family travel from outside the country. Geert Vanden Wijngaert / Associated Press

Skift Take: It is still complicated to travel to Belgium due to neighbors restrictions, but cross-border family visits amounts to a slight easing of the rules.

— Dennis Schaal

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Spain to Lift Some Restrictions on 4 Islands Starting June 1

Jörg Bergmann  / Visual Hunt

The San Cristóbal Lighthouse is an active lighthouse on the Spanish island of La Gomera in the Canary islands Jörg Bergmann / Visual Hunt

Skift Take: Spain, one of the countries hardest hit by the pandemic, is moving aggressively to restore life in calculated phases, allowing restaurants to open terraces and bars to 75 percent capacity on four popular destinations.

— Tom Lowry

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Southwest Airlines CEO Expects ‘Brutal Low-Fare’ Competition

Southwest Airlines

Southwest Airlines aircraft cleaning process features an electrostatic sprayer system. The airline expects a fare war when the coronavirus-recovery kicks in. Southwest Airlines

Skift Take: The airline business has never been been geared toward executives afraid of a fight. But airline fare wars that loom coming out of the pandemic could be in a category all their own. Will Southwest’s infrastructure and operating mode put it in a better position than others?

— Dennis Schaal

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Twitter, Others Take On Trump Admin Rule Requiring Visitors to U.S. to Disclose Social Media History

Vergani Fotografia  / Adobe

The war between the White House and Big Tech escalates over a rule requiring visitors to U.S. to turn over social media history. Vergani Fotografia / Adobe

Skift Take: The war between tech companies and the White House hit another new level this week. The travel industry in the United States should be applauding the efforts on this one by Twitter and Reddit, especially when its business has been cratered by the pandemic.

— Tom Lowry

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The Essential Role Frontline Workers Will Play in Resuscitating the Airlines, the Flight Attendants Boss on the Long View This Week

Alaska Airlines

An Alaska Airlines flight attendant serves snacks during happier times. Alaska Airlines

Skift Take: Sara Nelson only represents one work group, with members at a few U.S. airlines. But she is the most influential labor figure in the airline industry. So that’s why people will want to know her thoughts on the recovery.

— Brian Sumers

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Florida Officials Approve Walt Disney World Reopening Plan Starting July 11

Disney

Fantasyland, Magic Kingdom, Walt Disney World, before the pandemic. Disney

Skift Take: Visitor numbers to Disney’s flagship park in Florida will be one of the most closely eyed statistics of the next year. It’s symbolic of the travel sector’s fortunes because a visit to the Magic Kingdom typically requires a flight, significant spending, and a comfort with crowds.

— Sean O’Neill

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