American Airlines on LATAM Partnership
September 26 2019 - 5:41PM
LATAM and the Cueto family have been terrific partners of American
Airlines for decades and we wish them well. Given the recent
negative ruling by the Chilean Supreme Court, which would have
significantly reduced the benefits of our partnership since Chile
was not approved as a part of the potential joint business
arrangement, we understand LATAM’s decision to partner with a U.S.
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 $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 U.S. carrier to both Latin and South America and we look
forward to competing and growing in this region of the world.
About American Airlines
GroupAmerican Airlines 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. With a shared
purpose of caring for people on life’s journey, American’s 130,000
global team members serve more than 200 million customers annually.
Since 2013, American has invested more than $28 billion in its
product and people and now flies the youngest fleet among U.S.
network carriers, equipped with industry-leading high-speed Wi-Fi,
lie-flat seats, and more inflight entertainment and access to
power. American also has enhanced food and beverage options in the
air and on the ground in its world-class Admirals Club and Flagship
lounges. American was recently named a Five Star Global Airline by
the Airline Passenger Experience Association and Airline of the
Year by Air Transport World. American is a founding member
of oneworld®, whose members serve 1,100
destinations in 180 countries and territories. Shares of American
Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and
the company’s stock is included in the S&P 500. Learn more
about what’s happening at American by
visiting news.aa.com and connect with American on
Twitter @AmericanAir and
at Facebook.com/AmericanAirlines.
Corporate
Communications817-967-1577mediarelations@aa.com
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