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Plata raised $405 million in a new funding round that values the Mexican fintech at $5 billion — the most in Latin America for a privately-held financial services firm.
The carrier is facing the added challenge of a spike in the price of fuel. Fuel is airlines' biggest expense after labor.

Gold steadied, as traders assessed the prospects for diplomacy to end the war in the Middle East and ease inflation risks.

Policymakers at the European Central Bank are leaning toward keeping interest rates unchanged this month, postponing their verdict on whether the fallout of the Iran war warrants a response, according to people familiar with the debate.