American and LATAM File Application for Joint Venture

American Airlines and the LATAM Airlines Group this week filed an application with the U.S. Department of Transportation for a joint venture. If approved, the joint venture would bring in over $273 million in annual benefits in improved connectivity, passenger experience and potentially new routes for both airlines, covering flights between the United States and Brazil, Chile, Colombia, Paraguay, Peru and Uruguay. "The [joint venture] will integrate highly complementary route networks—with one anchored in the United States and the other in…