Avianca: equity 2014-2020
With a deficit of 1.3 billion U.S. dollars in 2020, the value of Avianca's assets minus its liabilities fell into negative territory for the first time since 2014. In the last two years, Avianca also registered net losses of at least 890 million U.S. dollars. In May 2020, the holding group filed for bankruptcy under chapter 11 at the United States Securities and Exchange Commission.
