|Bid||10.88 x 1100|
|Ask||10.89 x 800|
|Day's Range||10.65 - 10.90|
|52 Week Range||8.41 - 15.72|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||36.27|
|Forward Dividend & Yield||0.11 (1.04%)|
|1y Target Est||12.79|
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.
American Airlines (AAL) decides to suspend its flights to Venezuela. The country's economy has been in the doldrums for quite some time.
LATAM Airlines, the largest carrier in Latin America, reported on Tuesday a net profit of $149 million for the fourth quarter of 2018 and said its full-year results were its best since 2012, when the company was created in its current form. LATAM's full-year 2018 profit came in at $182 million, showing the carrier relied heavily on the final months of the year to make up for what was a tough 2018 for airlines in Latin America, which have been hit by weak currencies in emerging markets and high oil prices. Its main rival in Brazil, Gol Linhas Aereas Inteligentes , posted a loss of 1.1 billion reais ($288.5 million) in 2018.
Chile's LATAM Airlines Group SA has asked Brazil's antitrust regulator Cade to boost its voting stake in LATAM Airlines Brazil to 51 percent, formalizing a controlling interest in Brazil's No. 2 airline that for years it was unable to achieve because of local restrictions. In December, Brazil's then-President Michel Temer signed an executive order allowing foreigners, for the first time, to own up to 100 percent of domestic Brazilian airlines. While the move is the first concrete action in Brazil following Temer's executive order, it will have little practical effect.
Triton International's (TRTN) fourth-quarter 2018 results are aided by higher operating leases. Efforts to reward shareholders are encouraging as well.
Valentine's Day is big business for flower importers. LATAM Cargo reports it has shuttled more than 9,000 tons of flowers from South America to nation's across the globe this Valentine's Day season – and 88 percent of that cargo has been transported through Miami. The company, a subsidiary of Chile-based LATAM Airlines Group (NYSE: LTM), reports it doubled it cargo flights from Colombia and tripled its flights from Ecuador to meet demand for Valentine's Day flowers in the U.S. and abroad.
Warren Buffett once called airline stocks a "death trap." As an industry notorious for losses and bankruptcy, investors tended to avoid long-term holdings in these stocks.To be sure, airlines have faced challenges. With the need for expensive aircraft and a large labor force, fixed costs remain high. Moreover, the legacy of the Sept. 11, 2001 attacks still linger. The industry has to function amid an inconvenient but critical need for security. Another force that has defined the industry is the demand for lower fares. These falling fares pushed one-time icons such as Pan Am out of business. Even the legacy carriers that survive today all faced at least one bankruptcy.However, times have changed, and so have attitudes. Even Mr. Buffett now holds some airline stocks in his Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) portfolio. Today, these industrial stocks often see double-digit profit growth coupled with single-digit forward price-to-earnings (P/E) ratios. Moreover, the industry continues to innovate, particularly from a marketing standpoint. Whether that innovation comes in the form of an emerging ultra-low fare category or bringing expanded air service into smaller markets, this remains a dynamic industry.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 'Buy-and-Hold' Stocks to Own Forever Given current conditions, these four airline stocks seem best-suited to take off in the months and years to come:Source: Shutterstock Alaska (ALK)Unless one lives on the west coast, Alaska (NYSE:ALK) may not come to mind as one of the more common airlines. However, it has expanded far beyond its traditional hubs in Anchorage and Seattle-Tacoma. Today, it serves not only remote locations in Alaska, but major cities across the continental U.S. Today, it is also an airline of choice for travel to Mexico, Hawaii or Costa Rica.The acquisition of Virgin America in 2016 contributed much to this footprint and boosted its revenue. The stock suffered for a time as Alaska worked to absorb Virgin. Today, it trades more than 30% below its 2017 highs. However, ALK now looks poised for a turnaround. ALK stock is seeing improvement in a key airline metric -- revenue per available seat mile (RASM). RASM declined in the first quarter; however, by the fourth quarter, it had risen by 5.4%.Despite that improvement, where ALK will likely stand out most is in profit growth. Wall Street forecasts place estimated profits for ALK stock at 2019 at $6.72 per share. If it holds, it will represent a 50.7% increase from the $4.46 per share it earned in 2018. Most credit the synergies of the Virgin America takeover for this increase. These synergies should continue to drive ALK stock higher in the months and years to come.Source: amanda kelso via Flickr (Modified) Latam (LTM)U.S. investors will likely not think of Chile-based Latam (NYSE:LTM) when looking at airline stocks. However, it serves Latin America's most robust economy and has quietly increased its footprint within South America and beyond. It is the largest airline in Chile and Peru and has grown to be the second-largest in Argentina, Colombia and Ecuador. Latam has also moved to become a true world airline. It began service to Australia in 2017. It also serves countries such as the U.S., Spain and Germany.LTM stock trades at 21.6 times forward earnings. However, only in the airline stocks category would investors consider that expensive. At 92.9% projected earnings growth, it should grow faster than any of its U.S. counterparts. They expect that growth rate to average about 40% per year over the next five years.Fortunately for investors, LTM stock may be in a recovery mode. It peaked at just over $17 per share in January 2018. By August, it had lost about half of its value. Since then, it has begun to recover. It currently trades at around $11.50 per share. * 7 Forever Stocks to Buy for Long-Term Gains LTM stock may not offer as much value as its American peers. However, with its rate of profit growth and potential for further expansion, this has become one of the airline stocks that deserves more attention.Source: Jerry Landers via Flickr (Modified) Southwest (LUV)Perhaps no airline has done more to redefine the domestic airline industry than Southwest (NYSE:LUV). It began as a low-fare option for point-to-point flights to major Texas destinations. In so doing, it proved that a company could earn a profit with improved efficiency and a focus on service.As Southwest moved into new cities, fares fell and passenger volumes increased. This became so prevalent that observers called this the "Southwest Effect." This continues to appear today as Southwest begins plans to serve Hawaii.Already the largest domestic U.S. airline, Southwest also eyes plans to expand to Canada, Europe and South America. The airline currently serves 99 destinations with just 14 outside of the U.S. Hence, despite its 48-year history, growth prospects remain bright for LUV stock.Wall Street still forecasts a 47th consecutive profitable year. With its 10.4 forward P/E, it compares well to other airline stocks. That also appears cheap when considering its predicted profit growth of 23.3% for this year. Wall Street also predicts a longer-term average annual growth rate of about 17.5%. With LUV stock staying on a growth path, and with numerous new destinations that the airline can serve, LUV should remain one of the more popular airline stocks.Source: Shutterstock Spirit (SAVE)Spirit (NYSE:SAVE) may make its mark among airline stocks by "out Southwesting" Southwest. Southwest built much of its reputation on low fares. Spirit has tapped into a market further by becoming king of the so-called "ultra-low-fare" market. The airlines have profited by serving passengers willing to give up any frill it legally can to achieve the lowest fares.SAVE wants to go further than Southwest in another manner. Like Southwest, it relies on one type of aircraft. However, Spirit has explored the option of adding a second, regional aircraft. This would allow Spirit to go into smaller markets dominated by legacy carriers. This could make Spirit the biggest instigator of the so-called Southwest Effect. Further, with Spirit's continued push into South America, growth prospects remain bright.In 2018, a pilot shortage forced a one-time increase in Spirit's costs. However, that is about all that has slowed down the growth driving SAVE stock. Wall Street predicts a growth rate of 48% for 2019. It also expects average annual growth of about 23.8% per year in future years. Investors can purchase this growth at just 9.7 times forward earnings. * The 3 Best Chinese Stocks to Buy for a Long-Term Portfolio At a market cap of just $4.3 billion, it pales in comparison to Southwest's $32.4 billion size. However, with massive profit growth and a forward-thinking expansion plan, SAVE stock should grow as Spirit captures more of its fare-sensitive market.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 7 Forever Stocks to Buy for Long-Term Gains * 5 Self-Driving Car Stocks to Buy Compare Brokers The post 4 Airline Stocks That Are Cleared for Takeoff Amid Market Turbulence appeared first on InvestorPlace.