$LTM &quot;Latam is comparatively better off than Avianca in that it has been posting profits for the last four years, and has cash reserves of more than $1 billion. The airline even cleared a dividend payout recently, which is a unique move under the circumstances. Nevertheless, the demand shock has put considerable financial strain on the airline, and a “controlled” bankruptcy is considered the best way forward&quot;. 

https://www.consultancy.lat/news/1092/latam-airlines-flies-in-consultants-for-chapter-11-work
<ticker> <company> is comparatively better off than <company> in that it has been posting profits for the last four years , and has cash reserves of more than $ <number> billion . the airline even cleared a dividend payout recently , which is a unique move under the circumstances . nevertheless , the demand shock has put considerable financial strain on the airline , and a controlled bankruptcy is considered the best way forward .