The company says that rising ticket and travel package prices, and changes to the rules on the use of air miles by airlines are the causes of its crisis
The Latin American airline industry is resilient to the post-pandemic crisis of higher interest rates and skyrocketing jet fuel prices, but travelers’ wallets remain under strain
Bloomberg Línea can confirm that the airline will cease operations on Thursday, buffeted by rising fuel prices, the unfavorable exchange rate and a failure to find funding
Ultra Air, which has reduced its operations amid financial difficulties, will appeal the decision by Colombia’s civil aviation authority that allows the merger to go ahead
The merger between the two airlines has been approved in Mexico, but requires approval of antirust immunity in the US in order for the Mexican and US-based airlines to be able to share routes
Félix Antelo, CEO of the Viva airline group, tells Bloomberg Línea that the low-cost carrier faces the threat of being sidelined in the commercial aviation market, which would remove the option of cheaper airfares
