American Airlines Group has announced it wishes Chile-based airline LATAM well, following a negative ruling by the Chilean Supreme Court that Chile was not approved as part of the potential joint business arrangement with American, the company said.
The ruling would have significantly reduced the benefits of American´s partnership.
The airline said it understands LATAM´s decision to partner with a US carrier that isn´t burdened by the ruling. Further, this change in partnership is not expected to have a significant financial impact to American as the current relationship provided less than USD 20 million of incremental revenue to American, and the proposed joint business without Chile would have provided limited upside.
During the transition period, American will work with LATAM to ensure a seamless experience for customers. American Airlines remains the largest US carrier to both Latin and South America and we look forward to competing and growing in this region of the world.
American Airlines Group offers customers 6,800 daily flights to more than 365 destinations in 61 countries from its hubs in Charlotte, Chicago, Dallas-Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. Since 2013, American has invested more than USD 28 billion in its product and people and now flies the youngest fleet among US network carriers.