RIO DE JANEIRO, BRAZIL - In a sector ravaged by the coronavirus crisis, the losses of Latin American airlines have been even more significant.
Five of the region's largest airlines - Latam Airlines, Gol, Azul, Avianca and Volaris - lost US$12 (R$60) billion in market value from late January until last Wednesday's close of trading. These companies' stocks declined 78 percent on average in local currency, more than all 23 Bloomberg World Airlines index components. The global indicator has undergone a 45 percent decline in the same period.
The initial projections were that Latin American companies, operating far from . . .
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