Reuters reveals Aeromexico may still hit bumps after bankruptcy exit
Reuters provided insight into how Aeromexico looks set to emerge from bankruptcy within days, but analysts believe the Mexican airline faces stiff […] The post Reuters reveals Aeromexico may still hit bumps after bankruptcy exit appeared first on Reuters News Agency.
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Reuters provided insight into how Aeromexico looks set to emerge from bankruptcy within days, but analysts believe the Mexican airline faces stiff challenges taking on low-cost competitors like Volaris, now the country’s busiest airline. Aeromexico, which filed for bankruptcy in June 2020 as demand cratered in the first months of the pandemic, won final court approval for a restructuring plan that aims to reduce its debt from $2 billion to more than $1 billion. But even after slashing its debt load and operating costs under Chapter 11 protection, Aeromexico may struggle to claw back ground lost to low-cost carriers.
The post Reuters reveals Aeromexico may still hit bumps after bankruptcy exit appeared first on Reuters News Agency.
