Small update the legality of the strike should have a decision from the Colombian Supreme Court on the 16th.
Avianca run full page ads in the national press from time to time to state what they are doing to minimize the impact on travelers. One is using where available their 321s on flights where they do have crew maximizing seat availability. Haven’t seen a 318 in quite a while here....
Avianca stock isn’t suffering as much as you’d expect. In fact Avianca stock was up 2.4% yesterday and some of their paper as much as 5% all of which suggests the market thinks that any concept like bankruptcy is a long way off.