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Mexico Airlines Lost Over $1 Billion Due to US Safety Downgrade –Industry Head

Mexico Airlines Lost Over $1 Billion Due to US Safety Downgrade –Industry Head
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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Mexico airlines lost over $1 billion due to US safety downgrade –industry head

By Kylie Madry MEXICO CITY (Reuters) - Mexico's two-year-old air safety rating downgrade by U.S. authorities has caused a more-than-billion-dollar hit to national airlines, an industry head said in an interview Wednesday. "It was a huge loss," said.

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Mexico airlines lost over $1 billion due to US safety downgrade –industry head

By Kylie Madry MEXICO CITY (Reuters) - Mexico's two-year-old air safety rating downgrade by U.S. authorities has caused a more-than-billion-dollar hit.

Diana olivaresNorma camposKylie madryDavid gregorioUs federal aviation administrationAviation administration

Mexico airlines lost over $1 billion due to US safety downgrade –industry head

Mexico's two-year-old air safety rating downgrade by U.S. authorities has caused a more-than-billion-dollar hit to national airlines, an industry head said in an interview Wednesday. "It was a huge loss," said Diana Olivares, head of Mexico's air transportation chamber and LATAM Airlines' country manager. Mexico was downgraded to the Category 2 air safety rating by the U.S. Federal Aviation Administration (FAA) in May 2021 due to lack of compliance with international standards.

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