Results for: LATAM Airlines

LATAM Airlines Group has placed an order for 10 new Boeing 787 Dreamliners, strengthening its position as the largest operator of the aircraft in the region. The airline plans to use the fuel-efficient aircraft to expand capacity on popular routes, open new destinations like Sydney, and support the projected growth of Latin American air travel, which is expected to more than double in the next 20 years. This order also highlights the continued demand for Boeing’s 787 model despite recent challenges.

LATAM Airlines, having emerged from bankruptcy just two years ago, is now operating at a higher capacity than pre-pandemic levels. The airline has unveiled ambitious growth plans, including orders for 125 new aircraft by 2030, fueled by a strong recovery and strategic fleet management. This news comes alongside upgraded financial guidance and a focus on enhancing passenger experience.

Morgan Stanley analyst Jens Spiess sees a bright future for LATAM Airlines, initiating coverage with an Overweight rating and a $40 price target. The analyst believes LATAM’s post-bankruptcy transformation, coupled with its strong profitability and exposure to under-penetrated markets, sets the stage for significant growth in the coming years.

The Commission for the Promotion of Peru for Exports and Tourism (PROMPERU) and LATAM Airlines have entered into a strategic alliance to promote Peru as a prime tourist destination in key international markets, including Brazil, Chile, Colombia, Spain, the United States, and Mexico. This partnership aims to leverage digital marketing and outdoor advertising campaigns in high-impact locations to showcase the attractions of Áncash, Arequipa, Cusco, La Libertad, Lima, Loreto, and Piura.

LATAM Airlines is considering a secondary sale of shares by certain shareholders as part of its efforts to relist its ADRs on the New York Stock Exchange. The sale, if it goes ahead, would aim to enhance the liquidity of both shares and ADRs. However, no definitive decisions have been made, and the decision will depend on the progress of the ADR relisting process and market conditions. The notice is in compliance with Rule 135e of the Securities Act of 1933 and does not constitute an offer to sell or request for offers to buy securities in the United States.