User:Hsiva002/sandbox

Until 1950s
Inspired by the major players such as The United States, The Soviet Union, Russia, France and Britain in the aviation industry. In 1910s, Brazil and Argentina were one of the first Latin American countries to possess the instruments of aircraft that were not all locally made, yet the aircraft was locally congregated. At that time, many individuals were interested to be pilots in Latin American countries, yet there were not sufficient resources and funding to support and promote the best interests of the aviation industry. Amidst these obstacles, Argentina and Dominican Republic made efforts in creating jet aviation rather than creating and using propeller planes. In 1944, the Chicago Convention on International Civil Aviation attended by all Latin American countries except Argentina drafted the clauses of aviation law. The introduction of the jet fighter F-80 by the U.S. in 1945 pushed the Latin American countries even further away from development of aviation industry because it was simply expensive to recreate the sophisticated technology of F-80.

1970s
The Latin American Civil Aviation Commission(LACAC) was formed in December 1973 "intended to provide civil aviation authorities in the region with an adequate framework for cooperation and coordination of activities related to civil aviation". In 1976, about seven percent of the world logged in the Latin American and Caribbean region. This contributed to the increase of average annual rate of air traffic. Subsequently higher passenger load factor decided the profitability of these airlines.

According to C. Bogolasky, Airline pooling agreements between Latin american airlines contributed to better financial performance of the airlines. The economic problems related to the "airline capacity regulation, regulation of non-scheduled operations, tariff enforcement, high operating costs, passenger and cargo rates."

Corporate Social Responsibility
Corporate Social responsibility(CSR) comprises an umbrella of responsibilities of an organization towards its community, stakeholders and shareholders. Organizations who are socially responsible fulfill their Triple Bottom Line obligations and dedicate efforts to minimize negative impact on stakeholders and shareholders. According to the "The Pyramid of Corporate Social Responsibility" by Archie B. Carroll, there are four steps of Social responsibility. First, economic responsibility of an organization is to produce profit and maximize the growth of an organization. Second, legal responsibility of an organization is to be compliant with all the laws and regulations. Third, ethical responsibility of an organization to create and follow standards of right decision making considering how it affects all the stakeholders. Fourth, philanthropic responsibility of an organization to help the community and stakeholders by "giving back". The extent of fulfilling the four responsibilities define the corporate citizenship of an organization.

Delta and LATAM Airlines were the only two airlines listed on the Dow Jones Sustainability Index. LATAM being the only airline company in the world to achieve 100% scores for efficiency, reliability and climate strategy in their corporate sustainability assessment. LATAM promotes their corporate citizenship in their 2016 Sustainability report. LATAM is affiliated with 6 countries which are Argentina, Colombia, Brazil, Ecuador, Chile, Peru. LATAM accounts for 95% of South America's air traffic.