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Though Cartagena's risk profile has weakened, the city still appears able to service outstanding debt according to covenants.

Fitch says gpvernment-controlled enterprises may raise fiscal pressures and financing needs of governments that already face sizeable fiscal challenges.

The ADRs began trading on the NYSE on July 25, 2024, under the ticker symbol "LTM."

After the court annulled a previous decision, Latam was cleared of improper operations and will resume issuing tickets at Bogotá's El Dorado Airport.

Santiago Álvarez, executive director of LATAM in Colombia, accepted the ruling and noted the Chilean airline will adhere to slot requirements throughout the upcoming high-volume travel season.

A second Delta flight from Bogotá to Atlanta will launch on October 29, while a seasonal route from Cartagena to Atlanta starts in December.

With this agreement, the airlines are going head-to-head with Delta-backed Latam and United Airlines-backed Avianca.

As a Director, I saw how hard Viva fought for its clients. As a passenger, I relished the experience. As a citizen, I am disgusted by what has now occurred.

Aerocivil has hinted at some flexibility on slots, but Avianca must announce Viva's fate this week.

The competitors are primarily concerned about a concentration of slots in Avianca's hands in Bogotá.