It is curious how the Latin American giants Brazil & Mexico, with active representative democracies, have minimized the Coronavirus COVID-19 Pandemic as a minor flu. They may yet face serious consequences.
Several international airlines had a few months to live if their planes were still on the ground. In the case of Latin American airlines, Avianca was forecast three months; to LATAM four months; to Azul six months and to COPA ten months, among others.
This oil crisis is quite different from the previous ones because instead of raising the price of a barrel of oil, it lowers it to levels well below the world standard cost of production due to the global economic slowdown caused by the pandemic.