Why The Rise of LATAM Is Making It's South American Rivals Strangely Nervous!
In May 2020, LATAM stopped paying its debts. All $16 billion of them. The stock was delisted, the credit rating was junk, and two of the continent's biggest airlines filed for the same protection that year. Everyone assumed at least one of the three was finished.Three years later, LATAM hadn't shrunk. No government rescued it. It came out the largest airline group in the entire Southern Hemisphere, posting the biggest profit it had ever made. And it got there not by waiting for travel to return, but by making one brutal decision months before the virus existed, and reaching into a foreign…
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