LATAM CEO Says Balance Sheet Positions Airline for Higher Fuel Costs

LATAM Airlines Group chief executive Roberto Alvo said the company has a comparatively strong financial position as jet fuel costs rise. He also warned that fuel prices staying high could disrupt rival airlines.

Key details

• Alvo’s comments concern LATAM’s balance sheet and the potential effect of persistently high fuel prices on competitors.

Roberto Alvo said LATAM’s balance sheet puts the airline in a comparatively strong position as jet fuel costs rise.

Why it matters

Fuel is a major operating cost for airlines, so sustained price increases can put pressure on carriers’ finances. Alvo’s comments link LATAM’s balance-sheet position with the potential strain on competitors.