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Latam Airlines and COVID-19: Seeking Bankruptcy Protection in the United States
Alfaro, Laura; Larrain, Mauricio; Vilches, Carlos; Jeong, SarahCase HBS-321027-EEconomicsOn May 26, 2020, Latam Airlines became the largest airline in the world to be driven to bankruptcy by COVID-19. With a complex debt structure and international investor composition, the company decided to file for bankruptcy protection in the United States, which offered a more flexible reorganization procedure than the local bankruptcy process. After the filing announcement, the company reached an all-time-low stock market valuation. Some expert...Starting at €8.20