the stories you have heard are probably true..
I have flown with them 3 time already, mostly because i usually only decide a week or 2 before i leave when i am going to there is no seats on Lan or Qantas.. where aerolineas has seats..
I am going home for xmas, when i came here in feb, i had return date for 30th Nov.. Then a month ago i got an email from my travel agent saying that my return date was now, 1 nov, then a week later she got another email from aerolineas saying it was 5th nov, then another week later 27th nov.. she told me to go see them, which i did last week, and they couldnt even find my booking/ticket.. After 1 1/2 hours i now have my seat on 2nd dec.. the reason they gave for date changes was because there flights have changed, basically they changed flight days i think..
Last year, our flight was delayed by 30 hours, there was something wrong with wing, the thing that pissed me off was that we waited in departure lounge for 4 hours without food or water before they told us what was happening.. So they packed us off to a hotel for the night and told us we would be leaving hotel at 5 in morning for 7am flight.. so we all go to reception of hotel waiting for bus, and at 6:30 was told we were not going until 9am, so go have breakfast.. this happened the whole day.. every couple of hours we were told we were going now in a couple of hours, so we couldnt leave hotel and go do something during the day.. Anyways we were spose to leave at 4pm on thursday, and finally left at 1am sat morning.
When we finally arrived it was 10pm friday night here, and my accomdation was already gone, and aerolineas didnt want to put me up in a hotel for the night.. they did but only because i caused such a fuss.. When something like this has happened with other airlines they have always put me up in a hotel, without having to be asked..