Interview: Latam Airlines' CFO Ramiro Alfonsín
As it overhauls its domestic service and cuts staff to reduce costs, Latam Airlines Group is also aggressively tapping a range of sources for capital and financing. The company’s chief financial officer discusses the strategy with
Latam Airlines Group slashed its operating costs by close to
7% in 2016, as it pushed through an aggressive plan to get its
balance sheet in shape. The cost cuts combined with a strong
pick-up in revenues, allowing the group to post its first
annual profit last year.
In addition to addressing operating costs, though, the
company has pursued a careful financing strategy. That has
involved tapping a wide range of sources for funding and
capital, as well as replacing older, more expensive
Among the executive team working to turn around the
airline’s fortune is chief financial officer
Ramiro Alfonsín, who took on the job in July 2016. He
joined from utility company Endesa, where he was deputy chief
executive and chief financial officer for the utility's
Latin American operations, having started his career in
Alfonsín discussed Latam Airlines
Group’s efficiency and...
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