Reuters reveals Aeromexico may still hit bumps after bankruptcy exit - Reuters News Agency
Business & FinanceDeals

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 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.

Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Aerospace & DefenceBusiness & Finance
Regions: Americas
Countries: Mexico
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: An Aeromexico Boeing 737 MAX 9 fuselage is pictured at the Benito Juarez International airport, in Mexico City, Mexico, July 14, 2021. REUTERS/Luis Cortes/File Photo
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