Latam Airlines Group S.A. (LTMAQ) News
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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.
UPDATE 1-LATAM Airlines posts narrower quarterly loss as fuel costs biteLATAM's revenue during the July to September period rose 97% to total $2.587 billion compared to the third quarter last year. LATAM filed for Chapter 11 bankruptcy protection in 2020 after the airline was hammered during the pandemic. "We're cautious in what we're seeing going forward ... as we see a more difficult macroeconomic environment, a pandemic that's not over yet and a fuel price that's still very high," said Ramiro Alfonsin, LATAM's vice president for finance. |
LATAM Airlines posts narrower quarterly loss as fuel costs biteLATAM's revenue during the July to September period rose 97% to total $2.587 billion compared to the third quarter last year. LATAM filed for Chapter 11 bankruptcy protection in 2020 after the airline was hammered during the pandemic. "We're cautious in what we're seeing going forward ... as we see a more difficult macroeconomic environment, a pandemic that's not over yet and a fuel price that's still very high," said Ramiro Alfonsin, LATAM's vice president for finance. |
LATAM group completes restructuring and emerges with solid financial position and most extensive network in South AmericaThe group emerges with over US$2.2 billion of liquidity and approximately US$3.6 billion less debt as compared to pre-filing period.Santiago, Chile, Nov. 03, 2022 (GLOBE NEWSWIRE) -- LATAM group, the leading airline group in Latin America, announced today that it successfully completed its financial restructuring process in the United States, which it voluntarily commenced in May 2020 to reduce its debt, access new sources of financing, and transform its business in response to the global pandem |
Latam Airlines pilots in Chile vote to strike on eve of Chapter 11 exitThe largest pilots union of Latam Airlines in Chile voted to strike on Wednesday, a day before the company said it was planning on concluding its exit from bankruptcy. The Union of Latam Pilots (SPL) said it represents 313 of Latam Airlines's approximately 500 pilots and that 99% of its members voted to approve the strike. "What we're asking now is an act of justice that jumps into view: recover conditions we had before the adjustment that hit us hard," Mario Troncoso, president of the SPL said in a statement. |
LATAM Airlines says it will exit bankruptcy on Nov. 3LATAM Airlines, the biggest carrier in Latin America, said it plans to conclude its exit from bankruptcy on Nov. 3. "This process will allow the group to emerge more agile, with a more competitive cost structure, adequate liquidity to face the future, with approximately $10.3 billion in equity, and close to $6.9 billion in debt," the company said in a statement late on Friday. LATAM filed for Chapter 11 in 2020 after airline travel was hammered during the pandemic, and it won court approval that June. |
LATAM Airlines prepares to exit bankruptcy in NovemberLATAM Airlines detailed a financing plan on Wednesday that the company hopes will finalize its exit from bankruptcy in the first week of November. The reorganization plan would inject about $8 billion into the airline through a combination of capital increase, issue of convertible bonds and new debt. In a note sent to the market regulator late Tuesday night, LATAM detailed the structure of its exit financing that includes a $500 million revolving credit facility and a five-year term loan facility of $1.1 billion. |
Who’s Operating Your Flight? Air Travel Is Getting More ComplicatedTravelers should know the pitfalls of flight partnerships as they become more common—especially when there is a delay or cancellation. |
LATAM Airlines bankruptcy plan advances after creditor appeals fail(Reuters) -LATAM Airlines on Wednesday turned back two challenges to its bankruptcy reorganization plan, putting the carrier a step closer to emerging from Chapter 11 after seeking protection from creditors in the early months of the pandemic. LATAM said in a statement it was pleased by a U.S. bankruptcy court's decision confirming its reorganization plan in which two groups of creditors lost their appeals. LATAM, which filed for bankruptcy in 2020, won court approval to exit Chapter 11 in June. |
LATAM Receives US Court and Shareholder Approval on Plan of Reorganization, Secures Exit Financing and Moves Forward With Plan Implementation RequirementsSantiago, Chile, Aug. 09, 2022 (GLOBE NEWSWIRE) -- LATAM Group announced today its consolidated financial results for the second quarter of the year, which reflect a gradual recovery of the operation, reaching a consolidated capacity (measured in ASK) of 72.6% compared to 2019 levels, which in turn represents more than double the capacity of the same quarter of 2021, growing by 135.2%. This recovery of capacity is mainly explained by the solidity of the domestic markets in Brazil, Colombia and E |
Raymond James Cuts Azul's Price Target By 45%Raymond James analyst Savanthi Syth lowered the price target on Azul SA (NYSE: AZUL) to $12 (an upside of 83%) from $22 while maintaining the Outperform rating on the shares. The analyst updated earnings estimates to reflect a higher fuel price forecast, including elevated refining margins, and a weaker BRL relative to the USD, partly offset by strong demand and yields. Syth believes the current share price offers an attractive risk-reward point, supported by Azul’s differentiated network, uniqu |