{"id":353430,"date":"2020-05-27T10:43:42","date_gmt":"2020-05-27T05:13:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=353430"},"modified":"2020-05-27T10:43:42","modified_gmt":"2020-05-27T05:13:42","slug":"latam-becomes-largest-airline-to-file-for-bankruptcy-amid-coronavirus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/latam-becomes-largest-airline-to-file-for-bankruptcy-amid-coronavirus\/","title":{"rendered":"LATAM becomes largest airline to file for bankruptcy amid coronavirus"},"content":{"rendered":"<p>LATAM Airlines Group SA filed for U.S. bankruptcy protection on Tuesday, becoming the largest carrier to seek an emergency reorganization amid the coronavirus crisis.<\/p>\n<p>Latin America&#8217;s largest airline follows rival Avianca Holdings of Colombia in seeking U.S. bankruptcy protection.<\/p>\n<p>But unlike Avianca, Chile&#8217;s LATAM posted profits for four consecutive years totaling more than $700 million. It had recently approved a dividend payment.<\/p>\n<p>LATAM laid off 1,800 employees out of over 40,000 in the lead-up to its bankruptcy filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LATAM Airlines Group SA filed for U.S. bankruptcy protection on Tuesday, becoming the largest carrier to seek an emergency reorganization amid the coronavirus crisis. Latin America&#8217;s largest airline follows rival Avianca Holdings of Colombia in seeking U.S. bankruptcy protection. But unlike Avianca, Chile&#8217;s LATAM posted profits for four consecutive years totaling more than $700 million. It had recently approved a dividend payment. LATAM laid off 1,800 employees out of over 40,000 in the lead-up to its bankruptcy filing.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-353430","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/353430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=353430"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/353430\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=353430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=353430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=353430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}