LATAM Airlines Group S.A. (LTMAY)

OTCMKTS: LTMAY · Delayed Price · USD
0.730
0.00 (0.00%)
Dec 5, 2022 4:00 PM EST - Market open
Market Cap 7.94B
Revenue (ttm) 4.88B
Net Income (ttm) -4.65B
Shares Out 10.87B
EPS (ttm) 19.76
PE Ratio 0.04
Forward PE 10.17
Dividend n/a
Ex-Dividend Date n/a
Volume 237,630
Open 0.741
Previous Close 0.73
Day's Range 0.72 - 0.755
52-Week Range 0.075 - 1.06
Beta 1.98
Analysts Sell
Price Target 0.01 (-98.6%)
Earnings Date n/a

About LTMAY

LATAM Airlines Group S.A., together with its subsidiaries, provides passenger and cargo air transportation services primarily in Chile, Peru, Ecuador, Colombia, Brazil, other Latin American countries, the Caribbean, North America, Europe, and Oceania. As of June 30, 2022, it provided passenger transport services to 133 destinations in 20 countries and cargo services to approximately 141 destinations in 23 countries, with an operating fleet of 300 aircraft and subleased one B767 cargo freighter to a third party. The company was formerly known as... [Read more]

Industry Airlines
Founded 1929
CEO Enrique Cueto Plaza
Employees 31,354
Stock Exchange OTCMKTS
Ticker Symbol LTMAY
Full Company Profile

Financial Performance

In 2021, LTMAY's revenue was $4.88 billion, an increase of 24.48% compared to the previous year's $3.92 billion. Losses were -$4.65 billion, 2.24% more than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for LTMAY stock is "Sell." The 12-month stock price forecast is 0.01, which is a decrease of -98.63% from the latest price.

Price Target
$0.01
(-98.63% downside)
Analyst Consensus: Sell
Stock Forecasts

News

LATAM group completes restructuring and emerges with solid financial position and most extensive network in South Ame...

The group emerges with over US$2.2 billion of liquidity and approximately US$3.6 billion less debt as compared to pre-filing period. The group emerges with over US$2.2 billion of liquidity and approxima...

1 month ago - GlobeNewsWire

LATAM Airlines says it will exit bankruptcy on Nov. 3

LATAM Airlines, the biggest carrier in Latin America, said it plans to conclude its exit from bankruptcy on Nov. 3.

1 month ago - Reuters

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 credi...

3 months ago - Reuters

LATAM Receives US Court and Shareholder Approval on Plan of Reorganization, Secures Exit Financing and Moves Forward ...

Santiago, 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, r...

3 months ago - GlobeNewsWire

Airbus, airlines to explore carbon capture technology

European airplane manufacturer Airbus and more than a half dozen airlines said on Monday they had signed letters of intent to discuss buying carbon removal credits to offset the emissions from air travel.

Other symbols: ACDVFDLAKY
4 months ago - Reuters

LATAM Airlines shareholders approve reorganization plan

Shareholders of LATAM Airlines, Latin America's largest air transport group, approved Tuesday a bankruptcy reorganization plan, following last month's approval by the U.S. bankruptcy court for the south...

5 months ago - Reuters

U.S. Bankruptcy Court approves LATAM Airlines reorganization plan

A U.S. court has approved LATAM Airlines Group SA's bankruptcy reorganization plan, the largest air transport group in Latin America said on Saturday.

5 months ago - Reuters

U.S. Court approves LATAM's Reorganization Plan

Santiago, Chile, June 18, 2022 (GLOBE NEWSWIRE) -- LATAM Airlines Group and its subsidiaries in Brazil, Chile, Colombia, Ecuador, Peru and the United States announced that the U.S. Bankruptcy Court for ...

5 months ago - GlobeNewsWire

LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans

LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve $2.75 billion in new loans to fund the company's exit from Chapter 11.

5 months ago - Reuters

LATAM Airlines says almost all creditors support reorganization plan

LATAM Airlines Group SA, the largest air transport group in Latin America, said on Wednesday that it garnered support from almost all of its creditors for a reorganization plan that the company is takin...

6 months ago - Reuters

LATAM Airlines Group Selects Iguazio to Operationalize Machine Learning as Part of Its Post-Pandemic Innovation Strategy

NEW YORK--(BUSINESS WIRE)-- #AI--Iguazio, the MLOps (machine learning operations) platform provider, today announced that LATAM - the leading airline group in Latin America - has selected its MLOps plat...

8 months ago - Business Wire

Intelsat to Provide Inflight Connectivity Service to LATAM Airlines' new Airbus Fleet

MCLEAN, Va.--(BUSINESS WIRE)--Intelsat's connectivity service will be installed in LATAM Airlines' fleet of Airbus narrow body aircraft based in Chile, Ecuador, Peru and Colombia.

9 months ago - Business Wire

LATAM Airlines shares plummet 85% after restructuring plan revealed

Shares of LATAM Airlines, Latin America's largest air transport group, plunged on the Chilean stock exchange on Monday after an announcement by the indebted carrier over the weekend of a restructuring p...

1 year ago - Reuters

LATAM Airlines files restructuring plan to exit bankruptcy

Chile's LATAM Airlines Group SA said on Friday it has filed a reorganization plan, proposing an $8.19 billion infusion of capital into the group, in a bid to exit its Chapter 11 bankruptcy.

1 year ago - Reuters

LATAM Airlines Group Files Plan of Reorganization with Support of Key Stakeholders

Plan would infuse up to approximately $8.19 billion in new funds into the group through a mix of equity, convertible notes, and debt while complying with both U.S. and Chilean law Plan would infuse up t...

1 year ago - GlobeNewsWire

LATAM Airlines Group Files Plan of Reorganization, with Support of Key Stakeholders, Paving the Way for Strengthened ...

SANTIAGO, Chile, Nov. 26, 2021 /PRNewswire/ -- LATAM Airlines Group S.A. ("LATAM") (SSE: LTM) and its affiliates in Brazil, Chile, Colombia, Ecuador, Peru, and the United States today announced the fili...

1 year ago - PRNewsWire

Delta (DAL) Expands Codeshare Agreement With LATAM Airlines

Delta (DAL) aims to aid connectivity between the United States and South America through the expanded Codeshare Agreement with LATAM Airlines.

1 year ago - Zacks Investment Research

LATAM Airlines posts $692 million Q3 loss as pandemic headwinds persist

Latin America's largest airline, LATAM Airlines, reported losses of some $692 million in the third quarter on Tuesday, as the indebted company said it was still battling challenges from the coronavirus ...

1 year ago - Reuters

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.

Other symbols: MA
1 year ago - Zacks Investment Research

LATAM Airlines seeks extension of deadline for restructuring plan

LATAM Airlines Group, the region's largest carrier, said on Wednesday that it had sought to extend until September the deadline to present its restructuring plan as part of the bankruptcy protection pro...

1 year ago - Reuters

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.

Other symbols: AZUL
1 year ago - Reuters

Why Big Latin Airlines Chose Bankruptcy While U.S. Airlines Didn't

Large Latin American Airlines have filed for bankruptcy after the pandemic while U.S. carriers have avoided this. There are historical and structural reasons for this.

1 year ago - Forbes

South American airlines brace for flight cuts as second wave of virus rages in Brazil

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.

Other symbols: GOL
1 year ago - Reuters

LATAM Airlines reports $963 million loss in fourth quarter

LATAM Airlines Group, the region's largest airline, on Tuesday reported a loss of $962.5 million in the fourth quarter, hurt by a second wave of the pandemic which has hit Latin America particularly hard.

1 year ago - Reuters

Bankrupt LATAM Gets Financial Lifeline

A New York district court overseeing the bankruptcy of LATAM Airlines Group (OTC: LTMAQ) approved a financing proposal to allow the Chilean carrier to access $2.45 billion for countering the impact of t...

2 years ago - Benzinga