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Articles tagged “latin america”

Coronavirus

Despegar May Drop Its Acquisition of Mexican Travel Agency Best Day as Crisis Takes Toll

Despegar had offered to pay a premium for Mexico's Best Day in January, but today the two companies are strapped for cash due to the pandemic's destruction of travel bookings. This acquisition may be one of several deals across the sector imperiled by coronavirus.

Despegar May Drop Its Acquisition of Mexican Travel Agency Best Day as Crisis Takes Toll

Online Travel

Latin America’s Despegar Will Have to Navigate Coronavirus Currency Impact

Coronavirus has caused turmoil in the global financial markets, which has devalued several key currencies and made foreign trips costlier. But devaluation may also make potential acquisition targets cheaper for Despegar, the region's largest online travel agency.

Latin America’s Despegar Will Have to Navigate Coronavirus Currency Impact

Airlines

The New Face of Latin American Airline Partnerships

Airline partnerships connecting North and South America look different in 2020, with Delta a stronger contender in the region than ever before. Its $1.9 billion investment for a 20 percent stake in Chile’s Latam Airlines helps. Now, the question is how it will shape the industry — and the strategies of competitors like American Airlines.

The New Face of Latin American Airline Partnerships

Online Travel

Latin America’s Biggest Travel Company Isn’t Despegar or Booking

Brazil’s CVC Corp.’s purchase of Argentina’s Almundo is a strategic move to increase its digital reach — but more importantly it helps CVC build even greater scale beyond its home borders.

Latin America’s Biggest Travel Company Isn’t Despegar or Booking

Airlines

British Airways Owner IAG Makes Offer for Spanish Airline Air Europa

It's easier to understand IAG CEO Willie Walsh's sanguine tone on last week's earnings call given he clearly had this deal in the pipeline. If it goes through — and it's still a big if given the competition concerns — it will ease the pain of Delta's recent Latam deal.

British Airways Owner IAG Makes Offer for Spanish Airline Air Europa

Airlines

JetBlue Airways Pulls Back to Regroup on Latin America and Caribbean Strategy

It isn't easy being in the aviation business, but airlines have one advantage over a traditional company. Their assets are mobile. If a carrier like JetBlue discovers softness in one region, it can move its airplanes elsewhere.

JetBlue Airways Pulls Back to Regroup on Latin America and Caribbean Strategy

Airlines

Why Delta Air Lines Covets This Not-So-Profitable Latin American Airline

Delta’s planned $1.9 billion investment for a 20 percent stake in Latam is a pretty penny, but the U.S. airline is confident the deal will pay off by expanding its network in South America.

Why Delta Air Lines Covets This Not-So-Profitable Latin American Airline

Airlines

Argentina’s State-Run Airline Tries Evolving for a Fragile South American Market

Aerolíneas Argentinas has focused heavily on improving its efficiency and customer service in a more competitive aviation industry, but its strategy could change depending on the outcome of Argentina’s upcoming national elections.

Argentina’s State-Run Airline Tries Evolving for a Fragile South American Market

Airlines

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

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.

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

Online Travel

Despegar Uses Installment Payments to Prod Demand

Some religions take it on faith that their messiah will come, but they stoically accept that the arrival has been delayed indefinitely. Similarly, Despegar believes that the online travel revolution will sweep Latin America, but it accepts that the glorious moment has been delayed indefinitely. Consumer financing is its secret sauce to sustain itself while it waits.

Despegar Uses Installment Payments to Prod Demand