Mexico’s Second Largest Airline Files for Bankruptcy

Grupo Aeromexico Sab Restored Stinson Plane As January Traffic ...

Mexico’s second largest airline, Grupo Aeromexico SAB, has filed for bankruptcy. While there has been a sharp decrease in travel, the company is using this time to refinance. The impact has been so significant that the airline was forced to cut costs as much as $50 million monthly, as well as forcing unpaid leave for employees. Unlike their counterpart partners in Europe and the US, the airline has received little help from the government, if any at all. The region’s carrier is looking at the domino affect of its carriers dropping due to the Covid-19 impact.

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