|Bid||2.8100 x 800|
|Ask||2.9000 x 1200|
|Day's range||2.4500 - 2.9000|
|52-week range||1.7500 - 12.1600|
|Beta (5Y monthly)||1.42|
|PE ratio (TTM)||8.50|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 May 2018|
|1y target est||10.69|
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.
ALTA Chief Executive Luis Felipe de Oliveira has been sending letters to governments throughout the region about the "unprecedented" coronavirus crisis, he said in a phone interview, adding to the global pressure from airlines seeking bailouts. "If the governments do not take drastic and immediate action there could be a bankruptcy pandemic in the region," he said.
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.
The new year has brought significant changes to partnerships between U.S. and Latin America-based carriers, largely fueled by Delta’s $1.9 billion investment for a 20 percent stake in Chile-based Latam Airlines. Latam is scheduled to leave the Oneworld Alliance on May 1, ending its frequent-flier agreement with American. Delta also ended its partnership with Gol […]
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.
Chile-based airline Latam has entered 2020 on the heels of several big changes, including Delta Air Lines’ landmark $1.9 billion investment in the carrier and the news that longtime CEO Enrique Cueto will step down on March 31. But another development tucked a bit further from view is a new milestone in the carrier’s long-term […]