LATAM becomes largest airline yet driven to bankruptcy by coronavirus
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(Reuters) - Chile's LATAM Airlines Group filed for U.S. bankruptcy protection on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic. The filing highlights the financial weakness of Latin America's carriers and follows a similar bankruptcy reorganization earlier this month by its main rival, Colombia's Avianca Holdings . But unlike Avianca, which experienced management turmoil and losses, Chile's LATAM posted profits for the..