(Bloomberg) — Even in an industry devastated by the coronavirus crisis, Latin American airlines stand out.Five of the biggest carriers in the region — Latam Airlines Group SA, Gol Linhas Aereas Inteligentes SA, Azul SA, Avianca and Volaris — have seen about $12 billion in their market value wiped out since the end of January through Wednesday’s close. On average, their stock tumbled 78% in local currency terms, more than all 23 members in the Bloomberg World Airlines Index. The global gauge is down 46% in the period.Latin American companies, operating far from China and with almost no direct flights …read more
Source:: Yahoo Finance
