Delta slays AA and oneworld in one move...

[eolesen]

Brilliant strategic move for Delta. They gut oneworld's influence in Latin America, and this may mortally change AA's presence in MIA...

Delta Air Lines plans to spend $1.9 billion to buy a 20 percent stake in South American airline group LATAM, in its largest acquisition since the Delta-Northwest merger in 2008.


If approved, Atlanta-based Delta expects the deal to make it stronger in South America, a crucial region of the world where it trails behind competitors.

https://www.ajc.com/business/delta-spend-billion-stake-south-american-airline

 

[Kev3188]

Holy sh*t.

Guess I've got some reading up to do when I get into work!

 

[jimntx]

I guess this answers my question about LATAM's importance to AA. Gulp!🙁😱😵
I'm assuming that if this purchase is not approved, LATAM could still withdraw from OneWorld and just codeshare with Delta.

 

[swamt]

Delta is still winning!!!

 

[jimntx]

Swamt, I must say, you have an incisive grasp of the obvious. 🙄🙂😵😛