Get the latest news and breaking stories for LATAM Airlines Group (LTM) stock. LATAM filed for U.S. bankruptcy protection last month, aiming to restructure $18 billion in debt.LATAM Airlines Group (NYSE: LTM) said Wednesday it is closing its Argentina subsidiary for an indefinite period because of difficult economic conditions, but that international flights and cargo operations in the country will continue as normal with other carriers in the group.The largest airline in Latin America, based in Santiago, Chile, filed for court-supervised bankruptcy protection in the U.S. last month, but its Argentina subsidiary was not included in the process and is the only subsidiary to close.
Since May, LATAM has exited Argentina, partnered with rival Azul SA in Brazil and cut back domestic operations in Chile, while Avianca has departed Peru. Chat with us in Facebook Messenger. Latam Airlines, South America’s biggest carrier, is seeking U.S. bankruptcy protection as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic Below are the latest news stories about Latam Airlines Group Sa that investors may wish to consider to help them evaluate LTM as an investment opportunity. "We implemented all our logistics expertise to combat this pandemic and reinvent our operations in a very short time," said Diogo Elias, LATAM Cargo's Brazil director, in a statement.LATAM assigned more than 300 personnel to the air bridge operation.The final air bridge flight landed at São Paulo-Guarulhos on Sunday, July 19.The end of Brazil's air bridge follows similar airline-government partnerships to transport COVID-19-fighting medical supplies from China. Latam Airlines said that it and several of its affiliated companies launched the Chapter 11 reorganization effort in the United States in a bid to reduce its debt and find new financing sources. The near-term prospects still look poor, even if bookings are slowly improving. The project marked the first time LATAM Group aircraft have operated in China.The airline started the air bridge in partnership with Brazil's Ministry of Infrastructure with the first Boeing 777 passenger-to-cargo-only flight on May 6.
This process will allow the company to resize its operations to the new demand environment and reorganize its balance sheets, enabling them to emerge...Investment Insights Latam on Seeking Alpha | June 19, 2020LATAM Airlines Chief Executive Roberto Alvo said on Thursday he expects the region´s largest carrier to be operating at half of pre-pandemic levels by the end of 2020, and that a full recovery was unlikely for at least 3-4 years. BlackRock declined to...Speculators that bet on airline stocks bottoming in March needed to wait until last week for the trade to pay off. This AI technology tracks employees to enforce social distancingCovid-19 is driving millennials out of cities and into first homes
LATAM used five Boeing 777-300 Extended Range passenger planes for the mission, taking advantage of the seats, floor space between seats and overhead bins to carry additional boxes and increase carrying capacity. It says it is talking with the Brazilian government about how to proceed with its operations there.
Factset: FactSet Research Systems Inc.2018. Latin America's airline apocalypse signals a future with weak competition. The Chapter 11 bankruptcy filing underscores the severity of the financial challenges facing the travel industry as a result of the lockdowns, quarantines and other measures taken by governments the world over to stem the spread of the virus that causes COVID-19. Stocks; Recent IPOs; Blog; Financial Dictionary; Search Home » Stocks » LATAM Airlines Group » News. “We are looking ahead to a post-COVID-19 future and are focused on transforming our group to adapt to a new and evolving way of flying, with the Get the latest LATAM Airlines Group S.A. (LTM) stock news and headlines to help you in your trading and investing decisions. Latam reached a deal to sell a 20% stake to Delta Air Lines for $1.9 billion last year.
Travelers with existing tickets and vouchers can still use them. Latam Airlines, South America’s biggest carrier, sought U.S. bankruptcy protection Tuesday as it grapples with a sharp downturn in air travel sparked by the
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