American Airlines (AAL) Comments on LATAM (LTM) Partnership
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American Airlines on LATAM Partnership
September 26, 2019 5:41 PM EDTFORT WORTH, Texas, Sept. 26, 2019 (GLOBE NEWSWIRE) -- LATAM and the Cueto family have been terrific partners of American Airlines for decades and we wish them well. Given the recent negative ruling by the Chilean Supreme Court, which would have significantly reduced the benefits of our partnership since Chile was not approved as a part of the potential joint business arrangement, we understand LATAMs decision to partner with a U.S. carrier that isnt burdened by the ruling. Further, this change in partnership is not expected to have a significant financial impact to... More
