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    LTM   CL0000000423

LATAM AIRLINES GROUP S.A.

(LTM)
  Report
End-of-day quote. End-of-day quote Santiago Stock Exchange - 01/21
299.07 CLP   -3.14%
01/19Virgin Atlantic announces partnership with LATAM Airlines
AQ
01/13LATAM AIRLINES S A : MATERIAL FACT - Form 6-K
PU
01/12LATAM AIRLINES S A : Suscripción o renovación de contratos
PU
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

LATAM Airlines shares plummet 85% after restructuring plan revealed

11/29/2021 | 08:23am EST
FILE PHOTO: LATAM Airlines plane is seen at Santiago International Airport

SANTIAGO (Reuters) - Shares of LATAM Airlines, Latin America's largest air transport group, plunged on the Chilean stock exchange on Monday after an announcement by the indebted carrier over the weekend of a restructuring plan that would dilute shares in the company.

The airlines' shares collapsed by almost 85% in early trading.

On Friday the firm said it had filed a reorganization plan, proposing an $8.19 billion infusion of capital into the group, in a bid to exit its Chapter 11 bankruptcy.

The financing proposal will include a mix of new equity, convertible notes and debt, the group said in a statement, adding that it intends to launch an $800 million equity rights offering to shareholders upon confirmation of the plan.

Brazilian airline Azul SA on Monday said that it made an offer this month to combine with LATAM Airlines, but said the Chilean-listed firm was over-valued and that it had since decided to focus on its own operations.

(Reporting by Fabian Cambero; editing by Adam Jourdan and Jason Neely)

By Fabian Cambero


© Reuters 2021
All news about LATAM AIRLINES GROUP S.A.
01/19Virgin Atlantic announces partnership with LATAM Airlines
AQ
01/13LATAM AIRLINES S A : MATERIAL FACT - Form 6-K
PU
01/12LATAM AIRLINES S A : Suscripción o renovación de contratos
PU
01/12LATAM AIRLINES S A : projects operation of 72% for January, although subject to the spread..
PU
01/12Latam Airlines Group S.A. Reports Operating Results for the Month and Year to Date Ende..
CI
2021LATAM AIRLINES S A : MATERIAL FACT - Form 6-K
PU
2021LATAM AIRLINES S A : Extraordinary Shareholders Meeting
PU
2021Delta Air Lines to Invest $1.2 Billion in Virgin Atlantic, Aeromexico, LATAM Airlines
MT
2021LATAM AIRLINES S A : Group reports preliminary monthly statistics for November 2021
PU
2021LATAM AIRLINES S A : Group Projects Operation of 69% for December, Confirming the Forecast..
PU
More news
Analyst Recommendations on LATAM AIRLINES GROUP S.A.
More recommendations
Financials (USD)
Sales 2021 4 884 M - -
Net income 2021 -1 969 M - -
Net Debt 2021 9 966 M - -
P/E ratio 2021 -0,10x
Yield 2021 -
Capitalization 227 M 228 M -
EV / Sales 2021 2,09x
EV / Sales 2022 1,29x
Nbr of Employees 28 701
Free-Float -
Chart LATAM AIRLINES GROUP S.A.
Duration : Period :
LATAM Airlines Group S.A. Technical Analysis Chart | LTM | CL0000000423 | MarketScreener
Technical analysis trends LATAM AIRLINES GROUP S.A.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 2
Last Close Price 0,37 $
Average target price 1,46 $
Spread / Average Target 289%
EPS Revisions
Managers and Directors
Roberto Alvo Milosawlewitsch Chief Executive Officer
Ignacio Cueto Plaza Chairman & President
Ramiro Diego Alfonsín Balza Chief Financial Officer
Hernan Pasman Chief Operating Officer
Juan Carlos Menció Vice President-Legal Affairs & Compliance