LATAM Airlines Group S.A. (LTM) News
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Latest LTM News From Around the Web
Below are the latest news stories about Latam Airlines Group Sa that investors may wish to consider to help them evaluate LTM as an investment opportunity.
Latin America's airline apocalypse signals a future with weak competitionBankrupt LATAM Airlines and Avianca Holdings are dramatically retrenching their once grand ambitions amid the COVID-19 pandemic, reducing competition in Latin America as they mull once-unthinkable cooperation with rivals. Since May, LATAM has exited Argentina, partnered with rival Azul SA in Brazil and cut back domestic operations in Chile, while Avianca has departed Peru. LATAM is now open to a deeper alliance with Azul, even as the two airlines usually control a combined 60% of Brazil's domestic market. |
LATAM Airlines Group: Equity Might Be Wiped-OutLATAM Airlines Group (OTCPK:LTMAQ) filed for Chapter 11 in the US on May 26, including its affiliates in Chile, Peru, Colombia, Ecuador, and the United States. This process will allow the company to resize its operations to the new demand environment and reorganize its balance sheets, enabling them to emerge... |
LATAM Airlines says operations to plunge 50% by year´s endLATAM Airlines Chief Executive Roberto Alvo said on Thursday he expects the region´s largest carrier to be operating at half of pre-pandemic levels by the end of 2020, and that a full recovery was unlikely for at least 3-4 years. LATAM filed for U.S. bankruptcy protection last month, aiming to restructure $18 billion in debt. |
LATAM Airlines Shuts Argentine Subsidiary, International Cargo UnaffectedLATAM Airlines Group (NYSE: LTM) said Wednesday it is closing its Argentina subsidiary for an indefinite period because of difficult economic conditions, but that international flights and cargo operations in the country will continue as normal with other carriers in the group.The largest airline in Latin America, based in Santiago, Chile, filed for court-supervised bankruptcy protection in the U.S. last month, but its Argentina subsidiary was not included in the process and is the only subsidiary to close. LATAM said the decision to shutter the Argentine airline was made because the COVID-19 pandemic has wiped out most of its business and it was unable to reduce its cash drain, an apparent reference to the Argentine government's strict travel ban, which forbids non-nationals from e... |
New Strong Sell Stocks for June 18thHere are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today |
LATAM Airlines suspends Argentina operations, blaming COVID-19 and government |
LATAM Airlines bondholders in talks to supply up to $1.5B loanLATAM Airlines (LTM) bondholders are in talks to provide debtor-in-possession loans in the range of $1B-$1.5B within Chapter 11 proceedings in the U.S, reports Reuters.Bondholders, including BlackRock, Macquarie, HSBC and Chile’s Moneda Asset Management, are informally discussing with investment bank Moelis.LATAM, the bondholders and Moelis did not immediately comment on the matter. BlackRock declined to... |
Avoid Chasing Delta Airlines After Stock Price Took OffSpeculators that bet on airline stocks bottoming in March needed to wait until last week for the trade to pay off. The encouragement that flight bookings and passenger traffic are on the rise rewarded Delta Airlines (NYSE:DAL) shareholders. DAL stock also has valuations are too compelling to ignore. This might explain why the recent rally unfolded.Source: Markus Mainka / Shutterstock.com What about Delta's fundamentals? The near-term prospects still look poor, even if bookings are slowly improving. DAL Stock Lifted by Flight ScheduleIn early May, Delta consolidated various operations in the U.S. served by multiple airports. This will align flight supply with weaker demand but would maintain the airliner's connectivity. The company already planned to add more flights to its Atlan... |
LATAM Airlines bondholders in talks to supply up to $1.5 billion loan, sources sayA group of bondholders of LATAM Airlines Group SA |
LATAM Airlines (LTM) May Traffic Hurt by Coronavirus WoesLATAM Airlines (LTM) load factor tanks 3980 basis points in May due to dwindling air travel demand induced by the COVID-19 pandemic. |