Delta Air Lines Buys Stake in Latin America’s Latam at American’s Expense

Source: Travel News

Bloomberg

Delta Air Lines will invest about $1.9 billion in Latam Airlines, giving it a 20 percent stake. Pictured are Delta jets. Bloomberg

Skift Take: American Airlines sent out a release Thursday downplaying the significance of Delta snatching a stake in its top partner in Latin America. But make no mistake: This is a big deal. American has been the strongest U.S. airline in Latin America for decades, and this will hurt its competitive position.

— Brian Sumers

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Delta Air Lines Buys Stake in Latin America’s Latam at American’s Expense