Latam Airlines Group S.A. (LTMAQ) News

Latam Airlines Group S.A. (LTMAQ): $1.56

-0.01 (-0.64%)

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LTMAQ News Highlights

  • For LTMAQ, its 30 day story count is now at 2.
  • Over the past 19 days, the trend for LTMAQ's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
  • SOL and STEP are the most mentioned tickers in articles about LTMAQ.

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.

LATAM Airlines clinches $750 mln in additional financing amid restructuring

LATAM Airlines Group, the region's largest carrier, said on Wednesday it had secured additional financing of up to $750 million, a key step in a bankruptcy protection process the airline initiated in 2020. LATAM filed for bankruptcy protection in the United States in May 2020 as world travel came to a halt amid the coronavirus pandemic. The fresh funds announced on Wednesday were obtained for Tranche B of the debtor-in-possession (DIP) financing, the airline said in a statement, "at rates and more competitive conditions than those obtained for Sections A and C, which will allow the group to improve its cost of financing under Chapter 11."

Yahoo | September 29, 2021

EMERGING MARKETS-Peru's sol cheers rate hike as Latam assets join global rally

* Peru cenbank hikes interest rate by 50bps * Mexican industrial production rises as does Brazil retail sales * LATAM Airlines slumps 8% * Brazil's CSN rises on $1 billion deal with Holcim By Susan Mathew Sept 10 (Reuters) - Most Latin American currencies and stocks firmed on Friday in line with global markets on signs that the United States and China are attempting to repair frayed ties, while Peru's sol hit an over two-week high following an interest rate rise overnight. The sol rose 0.5% after a 50 basis points hike by the central bank on Thursday to 1%.

Yahoo | September 10, 2021

LATAM Airlines receives several financing offers to exit bankruptcy -filing

LATAM Airlines said on Thursday it has received several offers to fund its exit from Chapter 11 bankruptcy, each of which are worth more than $5 billion. LATAM, the largest airline in Latin America, received the offers from creditors and shareholders, according to a filing with the U.S. Bankruptcy Court in New York City. The Santiago, Chile-based company did not reveal the number of offers received or from whom they came, but Delta Air Lines Inc is LATAM's largest shareholder.

Yahoo | September 9, 2021

LATAM Airlines posts $770 mln loss as pandemic travel restrictions linger

LATAM Airlines posted a $769.6 million loss in the second quarter, the company said on Monday, as South America's largest carrier continued to navigate a bankruptcy brought on by the coronavirus pandemic. "This decline ... was explained by a 77.4% decrease in passenger revenues and a drop of 22.4% in other revenues, but partially offset by cargo operations," the company said in a statement accompanying its second-quarter results. LATAM filed for bankruptcy protection in the United States in May 2020, a process that is still ongoing.

Yahoo | August 10, 2021

Mastercard (MA) Ties Up With LATAM Airlines Group to Ease Travel

Mastercard (MA) collaborates with LATAM Airlines Group in a bid to unveil innovative digital solutions for improving the travel experience of commuters.

Yahoo | June 25, 2021

Why Azul Stock Is Higher Today

Earlier this week, Brazilian airline Azul (NYSE: AZUL) served notice it was looking to consolidate the Latin American airline market, and on Wednesday its reported target was identified. On Monday, Azul said it was ending a partnership established last year with bankrupt LATAM Airlines Group designed to help ease competition during the pandemic. Azul CEO John Rodgerson called the codeshare arrangement "a unique solution in our pandemic response," he said the airline is now focused on what comes next.

Yahoo | May 26, 2021

Azul looking to buy bankrupt LATAM Airlines' Brazil operation, source says

Brazilian airline Azul SA has approached Chile's bankrupt LATAM Airlines Group with the aim of buying its Brazilian operation, a source familiar with the situation told Reuters. Azul's shares rose more than 9% in Sao Paulo on the news, while LATAM's shares in Santiago, where the airline is listed, were down 20%. LATAM filed for bankruptcy protection a year ago and, while it has secured new liquidity in that process, it has yet to present a formal restructuring plan.

Yahoo | May 26, 2021

UPDATE 2-Azul looking to buy bankrupt LATAM Airlines' Brazil operation, source says

Brazilian airline Azul SA has approached Chile's bankrupt LATAM Airlines Group with the aim of buying its Brazilian operation, a source familiar with the situation told Reuters. Azul's shares rose more than 9% in Sao Paulo on the news, while LATAM's shares in Santiago, where the airline is listed, were down 20%. LATAM filed for bankruptcy protection a year ago and, while it has secured new liquidity in that process, it has yet to present a formal restructuring plan.

Yahoo | May 26, 2021

Azul looking to buy bankrupt LATAM Airlines' Brazil operation -source

The Brazilian airline Azul SA has approached Chile's bankrupt LATAM Airlines Group with the aim of buying its Brazilian operation, a source familiar with the situation told Reuters. LATAM filed for bankruptcy protection a year ago and, while it has secured new liquidity in that process, it has yet to present a formal restructuring plan. Azul, controlled by JetBlue Airways Corp founder David Neeleman, said in a securities filing on Monday night that it was ready to lead a wave of consolidation in the Brazilian airline industry, which has been devastated by the pandemic.

Yahoo | May 26, 2021

Brazil's Azul says can drive airline sector consolidation, hires advisers

Brazilian airline Azul SA said late on Monday it has hired advisers to look at consolidation opportunities within the region and that it was in a strong position to drive that consolidation. Azul also said Chile's LATAM Airlines Group had ended a codeshare agreement for domestic flights in Brazil that was launched last year after the pandemic upended air travel - a move that Azul believes was a reaction to its exploration of consolidation opportunities. LATAM filed for bankruptcy protection in May of last year and is going through a court-supervised restructuring.

Yahoo | May 25, 2021


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