|Bid||9.01 x 800|
|Ask||9.02 x 900|
|Day's Range||8.98 - 9.20|
|52 Week Range||8.05 - 12.30|
|Beta (3Y Monthly)||0.82|
|PE Ratio (TTM)||183.88|
|Forward Dividend & Yield||0.11 (1.12%)|
|1y Target Est||12.29|
LATAM Airlines Group S.A. (LTM) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Market Voices – for a number of market experts. The International Air Transport Association (IATA) data for April continues to paint a dismal picture for the global air cargo market. The bright spot, however, has been the Latin American market, where for the past three months, volumes have been on the rise.
Chile's Supreme Court on Thursday struck down a proposed deal on routes between carriers LATAM Airlines, American Airlines, British Airways and Iberia, upending an agreement meant to reshape international air travel in Latin America. The decision comes more than two years after the carriers announced their plans, termed a joint business agreement.
Chile's Supreme Court on Thursday struck down a joint business agreement between LATAM Airlines, the region's largest carrier, and American Airlines, British Airways and Iberia Airlines, upending an earlier ...
LATAM Airlines' (LTM) disappointing performance can be attributed to multiple factors including the devaluation of local currencies.
U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters. Elliott, known in Latin America for forcing Argentina into bigger repayments on defaulted bonds, is Avianca Brasil's largest creditor by a wide margin, with claims totaling almost $490 million. Avianca Brasil filed for bankruptcy protection in December, setting off a dispute for its routes among Brazil's top three airlines.
NEW YORK, NY / ACCESSWIRE / May 17, 2019 / MicroPlanet Technology Corp. (NYSE: LTM ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 17, 2019 at 4:00 PM ...
The airline said in a securities filing it was reducing its forecast for growth in its international flights to a maximum of 2% growth, compared with a previous guidance of between 3% and 5%. In Brazil, however, which is LATAM's largest domestic market, the airline said it was raising its forecast for capacity growth to between 5% and 7% due to the crisis facing its competitor Avianca Brasil, which is undergoing a bankruptcy protection process. In response to weak demand from depressed Argentina, which is struggling with rampant inflation, LATAM said it had cut two international routes there and was in the process of cutting two more.
The decline in April load factor at the likes of JetBlue (JBLU) and Allegiant (ALGT) does not bode well for the airline industry.
Brazilian airline Azul SA on Monday made a new attempt to purchase some of bankrupt airline Avianca Brasil's most coveted routes, offering $145 million and reversing a decision not to participate. Avianca Brasil filed for bankruptcy protection in December, setting off a fierce battle for its airport slots, the rights to land and depart in crowded airports, which were expected to be sold at a bankruptcy auction that was suspended indefinitely. On Monday afternoon, Avianca Brasil's pilots and aircraft crew said through their union that they would hold an indefinite general strike on Friday, citing recurring delays in payroll.
We expect high parcel volumes to boost ZTO Express' (ZTO) first-quarter 2019 results. High costs, however, might dent the bottom line.
Chile's Latam Airlines Group SA will buy all Multiplus SA's remaining shares in order to delist its Brazilian loyalty program unit in a 1.2 billion real ($305.36 million) deal, according to a securities filing late on Monday. Latam Airlines had said in September it would take its unit Multiplus private, aiming to merge it with its Latam Pass loyalty program to boost market share. Latam's Brazilian subsidiary TAM SA already owned about 73 percent of the common stock in Multiplus before the tender offer.
Is LATAM Airlines Group S.A. (NYSE:LTM) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably but historically their consensus […]
American Airlines (AAL) trims its Q1 TRASM view on numerous flight cancellations due to the MAX 8 groundings and removal of 14 737-800 aircraft from service as well as the government shutdown.
Creditors led by hedge fund Elliott Management approved on Friday a restructuring plan for bankrupt airline Avianca Brasil, hours after the country's antitrust regulator announced preemptively that the plan could run afoul of competition laws. The regulator, known as CADE, said on Friday morning that it could block the plan, which Avianca Brasil hopes could raise some $210 million. CADE's warning means the creditor approval may not bring short term relief to Avianca Brasil given that the regulator itself said its review of the deal could last some eight months.
A new plan by cash-strapped carrier Avianca Brasil to sell its most coveted airport slots to Brazil's two largest airlines will draw intense antitrust scrutiny, which may delay or derail a pressing cash injection. Antitrust regulator CADE said on Friday that it could block the plan, which Avianca Brasil hopes could raise some $210 million later this month. Under the plan, Gol Linhas Aereas Inteligentes SA and LATAM Airlines Group would buy Avianca Brasil's airport rights, known as slots, in three high-traffic terminals in Sao Paulo and Rio de Janeiro.