|Bid||12.06 x 0|
|Ask||12.61 x 0|
|Day's Range||12.91 - 13.24|
|52 Week Range||9.33 - 14.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
LATAM Airlines (LTM) is seeing solid earnings estimate revision and has a favorable Zacks rank, making it well positioned for future earnings growth.
LATAM Airlines Group has signed an agreement with financing and asset management company RB Capital to build a maintenance hangar at Sao Paulo Guarulhos airport.
The lower house of Brazil's Congress on Tuesday approved an Open Skies agreement between Brazil and the United States that clears the way for a partnership between American Airlines Group Inc and LATAM Airlines Group SA . The Open Skies treaty, which needs Senate approval for final ratification, was signed in 2011 but faced opposition from lawmakers lobbied by local airline interests in Brazil, who feared competition from U.S. carriers. It was a requirement for the U.S. Department of Transportation to approve a joint business agreement between American Airlines and Latin America's largest carrier LATAM Airlines, which would see them co-ordinating schedules and offering more connections.
LATAM Airlines (LTM) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
LATAM Airlines, Latin America's largest carrier, said on Tuesday that Brazil's antitrust authority Cade had approved its joint business agreement (JBA) with American Airlines Group Inc without restrictions. LATAM said its agreement with American Airlines, and a similar accord with British Airways parent IAG, had now been approved by authorities in Uruguay, Colombia and Brazil.
The passenger volume of carrier LATAM Airlines rose 2.3 percent year-over-year in August, the company said late on Thursday, potentially marking a turning point for demand in Brazil, the largest market for the Santiago-based company. LATAM , Latin America's largest airline, said Brazilian domestic volume rose 3.4 percent in August, the first positive reading after two years of contraction in a sign of economic recovery after a long recession. In the year through August, Brazil's passenger volumes were down 6.2 percent.
LATAM Airlines Group SA, Latin America's largest airline, is still "very cautious" on the outlook for its key domestic Brazilian market, with demand volatile, a top executive of the company said on Friday. "We have seen some very positive weeks in terms of demand in Brazil," Chief Financial Officer Ramiro Alfonsin told investors on a conference call following the release of second-quarter earnings. "Internationally, we're doing very well but domestic in Brazil I would say we're cautious still on the second half of the year," he said.
The Zacks Analyst Blog Highlights: Copa Holdings, LATAM Airlines Group, Star Bulk Carriers, Teekay Tankers and GasLog
JetSmart, a low-cost airline set to launch this year in Chile, said on Thursday it will offer one-way tickets for less than $2, as the nation's passenger air market becomes increasingly competitive. "We will have 30,000 tickets for 1,000 pesos ($1.50) per one-way trip plus taxes, to fly within Chile ... in 2017," JetSmart, owned by Indigo Partners, an airline-focused U.S. investment fund, said on its website. Indigo Partners has already carved out a niche in ultra-low-cost airlines and owns Mexican low-cost carrier Volaris and part of Denver-based Frontier Airlines.
LATAM Airlines (LTM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
LATAM Airlines, Latin America's largest airline, reported a slightly smaller profit than expected in the first quarter as local currency appreciation and inflation raised costs, the company reported on Monday. The airline, which was formed via a 2012 tie-up of Chile's LAN and Brazil's TAM, said net income was $66 million in the three months to end-March, lower than a Reuters forecast for $71.9 million. The company's EBITDAR margin, which is used to measure airlines' profitability and cash flow, also fell slightly in yearly terms to 22.4 percent from 25.4 percent in the first quarter of 2016.
LATAM Airlines, Latin America's largest airline, reported a slightly smaller profit than expected in the first quarter, as local currency appreciation and inflation raised costs, the company reported on Monday. The airline, which was formed via a 2012 tie-up of Chile's LAN and Brazil's TAM, said net income was $66 million in the three months to end-March, lower than a Reuters forecast for a $71.9 million profit.
LATAM Airlines will increase seats on flights between Chile and North America and Europe, and add a new route to North America, it said on Wednesday, as it seeks to win regulatory approval for a deal with IAG's British Airways and Iberia and American Airlines Group. The carriers, all members of the Oneworld Alliance, signed a deal in January 2016 to coordinate flight schedules and prices. Chile's competition tribunal is expected to rule on the deal in coming weeks.
LATAM Airlines Group SA , the biggest carrier in South America, on Wednesday named a new chief executive of its shrinking operation in Brazil, where a deep recession has battered profitability in recent years. Brazilian Jerome Cadier, currently senior vice president of marketing for the Chile-based airline group, will take over LATAM's operations in Brazil starting on May 1, the company said in a statement. The unit's current CEO, Claudia Sender, has been in charge since 2013, about a year after the Brazilian airline then known as TAM merged with Chile's LAN.
Alaska Airlines, the wholly owned subsidiary of Alaska Air Group, Inc. (ALK), tied up with Europe's Condor Airlines for its Mileage Plan program.
Regional carrier LATAM Airlines posted a net profit of $69 million for all of 2016 on Wednesday, its first yearly profit since the company formed four years ago, helped by improving conditions in key market Brazil. The Chile-based airline, Latin America's largest, posted a $54 million profit for the fourth quarter. Both figures beat forecasts by analysts surveyed by Reuters, who saw on average a 2016 profit of $23.5 million and a fourth-quarter profit of $8.5 million.
Regional carrier LATAM Airlines posted a net profit of $69 million for all of 2016 and $54 million for the fourth quarter on Wednesday, saying that currency appreciation in key market Brazil boosted its ...
LATAM Airlines Group (LFL )might report a beat inr the upcoming report on the back of its positive earnings ESP and a favorable Zacks Rank.