LATAM Airlines Group S.A. (LTMAQ)
| Previous Close | 0.4000 |
| Open | 0.4000 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 0.3700 - 0.4200 |
| 52 Week Range | 0.2500 - 3.0500 |
| Volume | |
| Avg. Volume | 483,903 |
| Market Cap | 252.872M |
| Beta (5Y Monthly) | 2.25 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -4.7080 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | May 21, 2020 |
| 1y Target Est | 0.50 |
- 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 taking before a U.S. court. The airline said that the agreement was presented to a Manhattan bankruptcy court that is handling its Chapter 11 bankruptcy case, which it filed for in May 2020 due to the impact of the COVID-19 pandemic on its operations. The agreement includes bondholders in Chile, the Official Committee of Valista Creditors (UCC), the Ad Hoc group of LATAM creditors (led by Sixth Street, Strategic Value Partners and Sculptor Capital) and the main shareholders, the company said in a statement.
- Reuters
UPDATE 1-Chile's LATAM Airlines reports smaller loss, revenue more than doubles
LATAM Airlines, the largest Latin American airline, reported a smaller first-quarter net loss on Tuesday, while its overall revenue more than doubled due to an increase in passengers and cargo revenues. The company reported a net loss of $380.07 million compared with a loss of $430.8 million a year earlier. In May 2020, LATAM filed for bankruptcy protection in the United States due to the impact of the restrictions related to the pandemic.
- Reuters
Chile's LATAM Air receives backing by unsecured creditors in Chapter 11 exit plan
Chile's LATAM Airlines received backing by a majority of its unsecured creditors in its Chapter 11 bankruptcy exit plan, the airline said Friday. LATAM, which filed for bankruptcy in the United States in 2020 after being hit by the coronavirus-related travel downturn, said around 65% of its low-ranking creditors had backed the plan, which it said was "fair and considered all stakeholders." A committee representing junior creditors filed an objection to the restructuring plan in court Monday, calling it "fundamentally flawed" and alleging it would improperly benefit shareholders such as Delta Airlines at their expense.
