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Why the Stock of Bankrupt LATAM Airlines Jumped 55% Today

Rich Smith, The Motley Fool
·2 min read
Why the Stock of Bankrupt LATAM Airlines Jumped 55% Today

Shares of LATAM Airlines Group (NYSE: LTM), gutted by a bankruptcy filing last week, surged in Tuesday trading and were up a staggering 55% as of 2:42 p.m. EDT today. In LATAM's home country of Chile, The Santiago Times is reporting that COVID-19 infections are soaring, with 105,000 persons infected and more than 1,100 deaths. Brazil, meanwhile, has the highest incidence of coronavirus infections of any other country, barring only the U.S.

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