After the close of markets on Thursday Delta announced they’re acquiring 20% of LATAM. That’s huge for Delta giving them a big presence in Latin America, on top of owning 49% of Aeromexico.
This positions Delta well to grow in American’s back yard of Miami and it undercuts American’s South America flights by denying them connecting feed, and blocks American’s joint venture with LATAM (which would have had to exclude Chile flights). And it really sticks it to the CEO of Qatar Airways given their 10% stake in LATAM.