A few days ago Delta announced that they purchased a 20% stake in LATAM, and were planning on forming a joint venture with the airline. With this, LATAM will cut ties with American and also exit oneworld.
Suffice to say that this is a huge blow to American and oneworld, especially given American and LATAM were pursuing a joint venture.
Delta has been pursuing global dominance through a strategy of investing strategically and forming joint ventures, and in many ways Latin America was one of the last regions where they needed a partner (arguably Africa is the very last piece of this puzzle for them).
So, what should we expect from Delta’s investment in LATAM? Will Delta greatly increase service to South America? Will LATAM start flying to Atlanta, Detroit, Minneapolis, etc.