|Bid||2.5900 x 4000|
|Ask||2.6000 x 2900|
|Day's range||2.5308 - 2.7900|
|52-week range||1.7500 - 12.1600|
|Beta (5Y monthly)||1.97|
|PE ratio (TTM)||8.22|
|Forward dividend & yield||0.09 (3.48%)|
|Ex-dividend date||21 May 2020|
|1y target est||7.10|
LATAM Airlines said Friday it would lay off 1,400 employees in South America, blaming a drastic slump in business due to the coronavirus pandemic. "Despite all the efforts we have made to take care of jobs, we are forced to make this difficult decision," said Roberto Alvo, executive director of the Chilean-Brazilian carrier. "The effects of COVID-19 are profound and makes reducing the size of the LATAM group inevitable to protect its sustainability in the medium term," Alvo said in a statement.
Latin American airline giant Avianca is hoping to sail into smoother skies after a Chapter 11 bankruptcy filing – but it will take more to keep the region’s second largest carrier afloat. Colombian Finance Minister Alberto Carrasquilla signaled Monday that a government loan isn’t off the table, though the nation is strapped for cash and might be limited in how much it can offer. Avianca is Colombia’s largest airline and has seen revenue plummet as key markets shut down all air travel.
The board of South America's largest carrier, LATAM Airlines Group , plans to suspend a $57 million dividend payment tied to the company's 2019 profits to preserve cash to weather the new coronavirus crisis, it said on Tuesday night. The plan still needs to be voted on by shareholders, but it is likely to be approved, as the company has a controlling shareholder, the Cueto family. LATAM's closest competitors, Colombia's Avianca Holdings and Brazil's Gol Linhas Aereas Inteligentes , posted losses in 2019 so they do not have a dividend to distribute.
With air-travel touching a nadir, March traffic statistics of the likes of LATAM Airlines (LTM) and Hawaiian Holdings' (HA) subsidiary Hawaiian Airlines show a massive decline.
The bans by Panama and Colombia, effective on Monday, came after Peru, Argentina and Chile, among others, severely curtailed flights. Chile-based LATAM Airlines Group, the continent's largest, said it would halve the salaries of its 43,000 employees and its new chief executive would forego his salary for three months.
Santiago, Chile, March 18, 2020 -- LATAM Airlines Group S.A. and its affiliates, (“LATAM Airlines Group” or “the Company”) (NYSE: LTM / IPSA: LTM), the leading airline group in.
Carriers including United Airlines (UAL) and Southwest Airlines (LUV) are trimming capacity and cutting costs to conquer the unprecedented coronavirus-inflicted crisis.
SAO PAULO/BRASILIA (Reuters) - LATAM Airlines Group, South America's largest carrier, on Monday cancelled 90% of its international flights as demand collapsed and countries shut down borders due to the coronavirus outbreak, leaving the region increasingly isolated. LATAM is the region's main carrier to the United States, followed by American Airlines which said last weekend it would cancel most flights to Latin America, including all those to Brazil. Brazil's largest domestic carrier Gol Linhas Aereas Inteligentes , said it would cancel international flights by up to 95%, while cutting domestic flights by up to 60% through June.
The dip in airlines because of the coronavirus might be a brief blip as these companies count on their strong balance sheets, liquid assets and Trump's possible economic stimulus.
Zacks Industry Outlook Highlights: American Airlines, United Airlines, Delta Air Lines, LATAM Airlines and Ryanair
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.
Even though passenger traffic growth softens in January, the situation might worsen going forward as the coronavirus spreads its tentacles to all continents, barring Antarctica.
The likes of Ryanair (RYAAY) and American Airlines (AAL) trim their capacity as the coronavirus assumes pandemic proportions.
The Zacks Analyst Blog Highlights: Ryanair, LATAM Airlines, United Airlines, Delta Air Lines and American Airlines
IATA's request for immediate suspension of slot rules is aimed at tackling the current scenario of low air-travel demand due to the rapid spread of the coronavirus.
Efficient fleet management is likely to get reflected in Hertz Global's (HTZ) fourth-quarter performance. However, high expenses might have dented the bottom line.
Qatar Airways is in talks to buy a 49% stake in Africa's RwandAir and is interested in doubling its holding in LATAM Airlines Group to 20%, its chief executive said on Wednesday. A stake in an African airline would widen its reach in one of the world's fastest-growing aviation regions and potentially help it to bypass restrictions imposed on it by some Arab states. State-owned Qatar Airways already owns stakes in British Airways parent International Airlines Group, China Southern, Cathay Pacific and LATAM.