Colombia's Avianca says survival of the airline is in doubt due to coronavirus crisis [Reuters]
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Source: Reuters
Colombia's Avianca says survival of the airline is in doubt due to coronavirus crisis SAO PAULO (Reuters) - The financial auditors of Colombian airline Avianca Holdings AVT_p.CN have concluded that “substantial doubt” exists as to the company’s ability to stay in business due to the coronavirus crisis, the carrier said. The disclosure was made in a securities filing on Thursday with the U.S. Securities and Exchange Commission explaining why Avianca was unable to file its 2019 annual report on time. Avianca said it will file the report in June and expects to disclose the conclusion made by accounting firm KPMG that there were serious questions about the airline’s “ability to continue as a going concern.” Avianca, Latin America’s second-largest airline, has grounded all its passenger flights since March due to the coronavirus crisis, after its main hubs in Colombia, El Salvador, Ecuador and Peru all shut down air traffic. It has also put about half of its workforce on unpaid leave and i
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Sec Filings
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- 10/16/25 - Form 10-Q
- UAL's page on the SEC website