/biz/ - Business & Finance

Delta airlines owns 20% of LATAM, an airline that just filed for bankruptcy Anonymous Wed May 27 08:57:32 2020 No.19366664 [View]
File: 250 KB, 750x1334, 7498AB11-1CD2-4430-91FF-6D98E92F76EC.png [View same] [iqdb] [saucenao] [google]

Delta paid $1.9 billion dollars to own 20% of LATAM, making Delta the No.2 shareholder in LATAM, which just filed for bankruptcy.

LATAM closed -36% percent yesterday.

Delta closed +10% percent yesterday.

>>	Anonymous Tue May 26 23:38:11 2020 No.19360418 [View] File: 250 KB, 750x1334, 60922DDF-601D-4043-A28D-10FAE6C952D3.png [View same] [iqdb] [saucenao] [google] thoughts on this?>>19360368

Delta Airlines owns a 20% stake in LATAM, which just filed for bankruptcy Anonymous Tue May 26 23:35:01 2020 No.19360368 [View]
File: 250 KB, 750x1334, 23A6D51C-F057-4559-ADEB-CAD8377D5DAC.png [View same] [iqdb] [saucenao] [google]

Delta paid $1.9 billion last year to own 20% of LATAM, Which makes DAL the no.2 shareholder in LATAM which just filed for bankruptcy.

LATAM closed -37% today.
DAL closed +12%

How will this affect DAL?

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