What is the primary cause of Avianca's Chapter 11 bankruptcy filing?
Economic recession
COVID-19 pandemic
Fuel price increase
Mismanagement
Answer
The primary cause of Avianca's Chapter 11 bankruptcy filing was the COVID-19 pandemic crisis. The pandemic severely impacted the airline industry, leading to a significant decrease in demand for air travel.
Fly High with Avianca: Test Your Knowledge of Colombia's Flag Carrier!