- Reuters•2 days ago
Brazil's Amaro family, one of the main controllers of LATAM Airlines, sold a 6.47 percent stake in the regional carrier on Friday on the Santiago stock exchange for some $296 million, as part of a strategy to modify the company's ownership structure. Chile's Cueto family, the majority stakeholders in LATAM, had previously agreed to purchase through their Costa Verde Aeronautica holding company the 35.3 million shares sold by the Amaros. The shares, which represent over half of the 12 percent stake the Amaros held in LATAM, were sold at 5,506.40 Chilean pesos ($8.34) a piece.
- Reuters•3 days ago
Brazilian airlines remain cautious over the outlook for year-end air travel in the country, as fallout from a recession, the weak job market and still-high inflation are offsetting signs that demand might have bottomed out, industry leaders said on Thursday. In a statement, LATAM Airlines Group SA, the country's largest carrier by capacity, has noted early signs that air travel demand may have stopped slumping. According to Abear, the group that represents airlines in Brazil, domestic flight demand dropped 6.6 percent while the number of seats available dropped 6.2 percent in the year through July.
- Reuters•4 days ago
The two families that control LATAM Airlines, Chile's Cueto family and Brazil's Amaro family, said on Thursday that they have agreed to modify their ownership structure in the regional carrier in order to keep control of the company before Qatar Airways buys a stake. The Amaro family has agreed to sell a 6.47 percent stake in the airline, which the Cueto family has said they will acquire, the families said in a statement with Chile's SVS securities regulator. In July, Qatar Airways agreed to acquire up to 10 percent of LATAM, in a $613 million deal that requires the consent of existing shareholders at the Chile-based carrier.
LATAM Airlines Group S.A. (LFL)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||7.89 x 5000|
|Ask||20.51 x 100|
|Day's Range||8.05 - 8.38|
|52wk Range||4.35 - 9.24|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-37.44|
|Avg Vol (3m)||676,277|
|Dividend & Yield||0.00 (0.00%)|