SAO PAULO, Jan 31 (Reuters) - LATAM Airlines LTM.SN said on Friday it was still too early to discuss potential impacts of a planned merger between its two largest rivals in top market Brazil, but voiced trust in antitrust watchdog CADE to put in place mitigation measures.
"What we do not want is a more concentrated market, with fewer options for passengers, higher prices and less growth," LATAM's head in Brazil, Jerome Cadier, told reporters in an earnings call.
Rival carrier Azul AZUL.N and Abra Group, the majority investor of fellow airline Gol GOLL4.SA, signed earlier this month they a non-binding memorandum of understanding with the intent of combining their businesses in Brazil.
(Reporting by Gabriel Araujo; Editing by Toby Chopra)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.