10.42 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||10.39 x 1000|
|Ask||10.41 x 800|
|Day's Range||10.25 - 10.46|
|52 Week Range||8.41 - 15.72|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||34.73|
|Forward Dividend & Yield||0.11 (1.04%)|
|1y Target Est||12.79|
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.
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.