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.