Latam Airlines Group S.A. (LTMAQ): Price and Financial Metrics
LTMAQ Stock Price Chart Interactive Chart >
LTMAQ Price/Volume Stats
|Current price||$1.69||52-week high||$3.99|
|Prev. close||$1.71||52-week low||$0.60|
|Day high||$1.75||Avg. volume||362,707|
|50-day MA||$1.75||Dividend yield||5.33%|
|200-day MA||$1.60||Market Cap||1.02B|
Latam Airlines Group S.A. (LTMAQ) Company Bio
Latam Airlines Group S.A. provides domestic and international passenger and cargo air services. The Company operates in Chile, the United States, the South Pacific, Europe, and Latin America.
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Latest LTMAQ 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 LTMAQ as an investment opportunity.
Chile’s LATAM Airlines is open to signing an exclusive contract with an e-commerce operator in Latin America as it looks to boost its cargo unit due to persistently weak passenger demand resulting from the coronavirus pandemic, an executive told Reuters. E-commerce has grown substantially in Latin America during the pandemic although it has historically lagged due to poor infrastructure. Argentina's Mercadolibre Inc dominates in the region, especially in Brazil, and has a small fleet of in-house planes.
South America's airlines are bracing to cut flight capacity in the region beyond original expectations as a second wave of coronavirus infections in Brazil rages on and dampens demand for travel. Chile's LATAM Airlines, said on Friday it expects flights in March to fall by 65% compared with March 2019, before the pandemic hit. The new guidance shows how badly the second coronavirus wave is affecting airlines in the region, especially in Brazil, which just this week posted a new record for daily deaths.
LATAM Airlines, motivated by the exponential growth in e-commerce shipments and the availability of more resources resulting from restructuring, is accelerating plans to grow its cargo fleet up to 75% in three years with the conversion of up to eight Boeing 767 aircraft from its passenger fleet. The decision is the latest example of cargo airlines snapping up the prized medium-size aircraft as passenger airlines discard them in favor of smaller, modern aircraft that are profitable to operate in a depressed travel market. 767-300s have become the midrange freighter of choice for express carriers and other operators involved in supporting e-commerce. Santiago, Chile-based LATAM Airlines Group, which currently operates 11 767 all-cargo aircraft, said Tuesday it has four confirmed slots wit...
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