In the last few weeks, LATAM and Avianca have announced new agreements to increase the number of seats they can offer in the region. They’re doing it by adding more aircraft or refurbishing their current planes. Let’s analyze LATAM and Avianca’s strategies to...
It’s been more than a year now since Avianca, Aeroméxico, and LATAM Airlines Group filed for bankruptcy in the United States. The three most important and historical carriers in Latin America have moved steadily forward and now see the iconic light at the end of the...
Avianca starts 2021 with a $311 million net loss due to the impact of the COVID-19 pandemic. During the first quarter of the year, Avianca had total operating net revenues of US$371 million, a 60% drop compared to its pre-pandemic levels. Looking at Avianca’s finances...
South American airline Avianca Holdings has filed for Chapter 11 at a court in New York South to restructure its debts and subsidiaries, the airline announced on May 10. It has appointed a group of advisors like Seabury Securities and FTI Consulting to assist the...
