The reduction in the number of flights, cancellation of trips, and the closure of the countries’ borders as a consequence of the coronavirus places large airlines at risk.
LATAM has declared bankruptcy in the United States, joining the list of airlines that have not been able to stay on their feet after this crisis, such as Avianca.
The airline added that it intends to reorganize and continue its operations to pay its creditors. […]
The voluntary reorganization will include LATAM affiliates in Chile, Peru, Colombia, Ecuador, and the United States.Source: Lemos, G (26 Mayo, 2020). LATAM Airlines se declara en bancarrota en Estados Unidos. CNN Español. https://cnnespanol.cnn.com/2020/05/26/alerta-latinoamerica-latam-airlines-se-declara-en-bancarrota-en-estados-unidos/