|Bid||8.97 x 800|
|Ask||8.99 x 1000|
|Day's Range||8.89 - 9.26|
|52 Week Range||7.62 - 12.30|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||30.97|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.36|
The increase in August passenger traffic at the likes of Alaska Air (ALK) and JetBlue (JBLU) highlight the strong demand for air travel.
Expansion-related updates from the likes of United Airlines (UAL) and Southwest Airlines ((LUV) featured in the headlines in the past week.
Chile's LATAM Airlines Group, South America's largest airline, posted a narrower loss of $63 million in the second quarter, boosted by growing revenue in Brazil but dragged down by a recession in Argentina. The loss was a significant reduction compared to the same period last year, when it posted a $206 million loss, at the time dragged down by a weak currency in Brazil and a truck drivers strike. The domestic air travel market in Brazil became more concentrated in the quarter after Avianca Brasil ceased operations in late May following a bankruptcy filing.
Chile's LATAM Airlines Group posted a loss of $63 million in the second quarter, a significant reduction compared to a loss of $206 million in the same period last year. LATAM and its regional rivals have been affected this year by weak currencies in Latin America, which increase the cost for fuel, and by a recession in Argentina, one of the biggest air travel markets served by the carrier.
The impressive second-quarter 2019 earnings reports of Copa Holdings (CPA) and Azul (AZUL) further highlight the strong demand for air travel.
Airline stocks tumbled Monday, as Hong Kong protests grounded flights and Argentina elections raised concerns about the nation's economy.
-Solid macroeconomic fundamentals and low inflation will help improve Chile's consumer confidence and retail sales in 2019-20. Credit conditions will remain stable through at least mid-2020 for nonfinancial companies in Chile, with an economy growing by around 2.9% in 2019 and 3.2% in 2020, says Moody's Investors Service in a new report. "Solid macroeconomic fundamentals, including low inflation, will help improve Chile's consumer confidence and retail sales in 2019-20, benefiting retailers and other companies that depend on domestic market conditions," says Moody's Vice President Veronica Améndola.
SANTIAGO, Chile, July 25, 2019 /PRNewswire/ -- LATAM Airlines Group S.A. ("LATAM") (NYSE: LTM / IPSA: LTM), announced today the results (the "Early Tender Offer Results"), as of 5:00 P.M., New York City time, on July 24, 2019 (the "Early Tender Deadline") of its previously announced offer to purchase for cash (the "Tender Offer") up to $300 million principal amount of LATAM's 7.250% Senior Notes due 2020 (the "Notes") upon the terms and subject to the conditions set forth in the Offer to Purchase, dated July 11, 2019 (the "Offer to Purchase"). According to information received from Global Bondholder Services Corporation, the information agent and depositary for the Tender Offer, as of the Early Tender Deadline, holders of outstanding Notes had validly tendered and not validly withdrawn $238,162,000 aggregate principal amount of the Notes in the Tender Offer.
Bullish unit revenue projections for second-quarter 2019 from the likes of Delta (DAL) and GOL Linhas (GOL) bode well for the airline space.
The CEO of Brazilian airline and 737 MAX operator Gol visited Barron’s and discussed the Brazilian economy, the Brazilian air travel market, and, importantly, Boeing’s troubled MAX jet.
LATAM Airlines' (LTM) efforts to reward shareholders are encouraging. However, headwinds like capacity overexpansion are limiting growth.
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.