8.39 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||8.39 x 900|
|Ask||8.40 x 800|
|Day's Range||8.17 - 8.53|
|52 Week Range||8.10 - 13.29|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||171.22|
|Forward Dividend & Yield||0.11 (1.04%)|
|1y Target Est||12.55|
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.
A record number of Americans are expected to fly this spring encouraged by low fares, abundant air service and a healthy economy.
Brazilian airline Avianca Brasil plans to split into seven units that it will auction off separately, with rivals LATAM Airlines and Gol Linhas Aereas Inteligentes both planning to bid for some of those parts in a bankruptcy auction. The plan to split up the carrier, filed in a Brazilian court on Wednesday, is a significant departure from a previous proposal and adds fresh competition for some of the most-coveted airport slots in Brazil. Azul signed a preliminary agreement this month to pay at least $105 million for a selection of Avianca Brasil's assets, a proposal that had been considered a coup by analysts who saw it as a way for Azul to challenge its bigger competitors: LATAM and Gol.
Chile's LATAM Airlines and Brazil's Gol Linhas Aereas Inteligentes said on Wednesday they would make separate bids of at least $70 million for some assets of struggling Avianca Brasil, which is going through ...
LATAM Airlines (LTM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of LATAM Airlines Group S.A (LATAM)'s EETCs and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
LATAM Airlines Group, Latin America’s leading airline group with one of the largest route networks in the world, announced a yearlong collaboration with The Bucket List Family, a family of five, including three small children, who travel the world together documenting and sharing their adventures. The family will travel with LATAM Airlines throughout the South American region, checking off places from their bucket list with some of the most popular destinations in the region.