Merger Motives Grow for Latin America’s Big Airlines: Real M&A

With Latin America’s biggest airlines in the process of reporting another lackluster quarter, the case for further consolidation may get a nudge.

Copa Holdings SA of Panama City said Wednesday that second-quarter revenue fell 20 percent, its fourth consecutive decline. On Thursday, Latam Airlines Group SA, the region’s biggest carrier by market value, is projected to post a seventh straight sales drop. Brazil’s Gol Linhas Aereas Inteligentes SA is poised to report the latest in a string of quarterly losses.