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$LTM $AZUL $LTMAQ $UAL FOCUS-Latin America's airline apocalypse signals a future with weak competition
REUTERS – 6:00 AM ET 06/29/2020
Bankrupt LATAM Airlines and Avianca Holdings are dramatically retrenching their once grand ambitions amid the COVID-19 pandemic, reducing competition in Latin America as they mull once-unthinkable cooperation with rivals. Since May, LATAM has exited Argentina, partnered with rival Azul SA ( AZUL ) in Brazil and cut back domestic operations in Chile, while Avianca has departed Peru.