LATAM Airlines Group SA Sponsored ADR

LATAM Airlines Group SA is holding company, which engages in the provision of passenger air transportation and cargo services. The Air Transportation segment corresponds to the route network for air transport. The Multiplus Coalition and Loyalty Program segment offers a coalition system, interrelated among its members, along with being a government entity with a separately business and not directly related to air transport. The company was founded in 1929 and is headquartered in Las Condes, Chile.

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Latam Airlines Group SA

LATAM Airlines reported a fourth-quarter net profit of $2.538 billion, the company said on Thursday, and said the results reflected all financial renegotiations stemming from its bankruptcy proceedings.

LATAM Airlines posts $2.5 bln profit after emerging from bankruptcy

The group emerges with over US$2.2 billion of liquidity and approximately US$3.6 billion less debt as compared to pre-filing period. The group emerges with over US$2.2 billion of liquidity and approximately US$3.6 billion less debt as compared to pre-filing period.

LATAM group completes restructuring and emerges with solid financial position and most extensive network in South America

LATAM Airlines, the biggest carrier in Latin America, said it plans to conclude its exit from bankruptcy on Nov. 3.

LATAM Airlines says it will exit bankruptcy on Nov. 3

(Reuters) -LATAM Airlines on Wednesday turned back two challenges to its bankruptcy reorganization plan, putting the carrier a step closer to emerging from Chapter 11 after seeking protection from creditors in the early months of the pandemic.

LATAM Airlines bankruptcy plan advances after creditor appeals fail

Santiago, Chile, Aug. 09, 2022 (GLOBE NEWSWIRE) -- LATAM Group announced today its consolidated financial results for the second quarter of the year, which reflect a gradual recovery of the operation, reaching a consolidated capacity (measured in ASK) of 72.6% compared to 2019 levels, which in turn represents more than double the capacity of the same quarter of 2021, growing by 135.2%. This recovery of capacity is mainly explained by the solidity of the domestic markets in Brazil, Colombia and Ecuador, in addition to the recovery of international operations, and takes place in a context marked by a sharp increase in fuel prices.

LATAM Receives US Court and Shareholder Approval on Plan of Reorganization, Secures Exit Financing and Moves Forward With Plan Implementation Requirements

Airbus SE

Deutsche Lufthansa AG

International Consolidated Airlines Group SA

European airplane manufacturer Airbus and more than a half dozen airlines said on Monday they had signed letters of intent to discuss buying carbon removal credits to offset the emissions from air travel.

Airbus, airlines to explore carbon capture technology

Shareholders of LATAM Airlines, Latin America's largest air transport group, approved Tuesday a bankruptcy reorganization plan, following last month's approval by the U.S. bankruptcy court for the southern district of New York.

LATAM Airlines shareholders approve reorganization plan

A U.S. court has approved LATAM Airlines Group SA's bankruptcy reorganization plan, the largest air transport group in Latin America said on Saturday.

U.S. Bankruptcy Court approves LATAM Airlines reorganization plan

Santiago, Chile, June 18, 2022 (GLOBE NEWSWIRE) -- LATAM Airlines Group and its subsidiaries in Brazil, Chile, Colombia, Ecuador, Peru and the United States announced that the U.S. Bankruptcy Court for the Southern District of New York approved the group's Plan of Reorganization filed by LATAM in the context of its Chapter 11 reorganization proceeding. Backed by nearly all of LATAM's creditors, the Plan is the result of months of negotiations among major stakeholders, which included an extensive mediation period. The Plan complies with U.S. and Chilean legal requirements. The confirmation order issued today by the U.S. Court represents the latest milestone in the U.S. Chapter 11 process initiated by LATAM to ensure its long-term sustainability.

U.S. Court approves LATAM's Reorganization Plan

LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve $2.75 billion in new loans to fund the company's exit from Chapter 11.

LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans

GOL Linhas Aereas Inteligentes SA

Mesa Air Group Inc.

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3 Airline Penny Stocks To Watch After JetBlue, Spirit Hostile Takeover Bid

LATAM Airlines narrowed loss in Q1 despite higher fuel prices. LATAM Airlines is behind in capacity recovery compared to its peers, but this offers opportunities for top and bottom line improvements.

LATAM Airlines: A Very Speculative Buy Or Strong Sell?

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.

LATAM Airlines says almost all creditors support reorganization plan

NEW YORK--(BUSINESS WIRE)-- #AI--Iguazio, the MLOps (machine learning operations) platform provider, today announced that LATAM - the leading airline group in Latin America - has selected its MLOps platform for a large scale, cross-company AI innovation project. The project will span the entire organization and will include use cases such as optimizing and safeguarding the company's popular frequent flyer program from fraud, improving pilot training through better understanding of the factors that cr

LATAM Airlines Group Selects Iguazio to Operationalize Machine Learning as Part of Its Post-Pandemic Innovation Strategy

Intelsat S.A.

MCLEAN, Va.--(BUSINESS WIRE)--Intelsat's connectivity service will be installed in LATAM Airlines' fleet of Airbus narrow body aircraft based in Chile, Ecuador, Peru and Colombia.

Intelsat to Provide Inflight Connectivity Service to LATAM Airlines' new Airbus Fleet

LATAM Airlines fleet shrank by roughly 10%.

Bankrupt LATAM: A Smaller Fleet To Grow

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.

LATAM Airlines shares plummet 85% after restructuring plan revealed

Chile's LATAM Airlines Group SA said on Friday it has filed a reorganization plan, proposing an $8.19 billion infusion of capital into the group, in a bid to exit its Chapter 11 bankruptcy.

LATAM Airlines files restructuring plan to exit bankruptcy

Plan would infuse up to approximately $8.19 billion in new funds into the group through a mix of equity, convertible notes, and debt while complying with both U.S. and Chilean law Plan would infuse up to approximately $8.19 billion in new funds into the group through a mix of equity, convertible notes, and debt while complying with both U.S. and Chilean law

LATAM Airlines Group Files Plan of Reorganization with Support of Key Stakeholders

SANTIAGO, Chile, Nov. 26, 2021 /PRNewswire/ -- LATAM Airlines Group S.A. ("LATAM") (SSE: LTM) and its affiliates in Brazil, Chile, Colombia, Ecuador, Peru, and the United States today announced the filing of a Plan of Reorganization (the "Plan"), which reflects the path forward for the group to exit Chapter 11 in compliance with both U.S. and Chilean law.

LATAM Airlines Group Files Plan of Reorganization, with Support of Key Stakeholders, Paving the Way for Strengthened Capital Structure and Long-Term Sustainability

Delta (DAL) aims to aid connectivity between the United States and South America through the expanded Codeshare Agreement with LATAM Airlines.

Delta (DAL) Expands Codeshare Agreement With LATAM Airlines

Latin America's largest airline, LATAM Airlines, reported losses of some $692 million in the third quarter on Tuesday, as the indebted company said it was still battling challenges from the coronavirus pandemic.

LATAM Airlines posts $692 million Q3 loss as pandemic headwinds persist

LATAM Airlines has disclosed its updated business plan in conjunction with the ongoing Chapter 11 process. A slower than expected top-line recovery is set to offset planned cost savings initiatives, weighing on the post-pandemic EBIT margin expansion path.

LATAM Airlines: Outlining Steps Toward A Longer-Term Recovery

Mastercard

Mastercard (MA) collaborates with LATAM Airlines Group in a bid to unveil innovative digital solutions for improving the travel experience of commuters.

Mastercard (MA) Ties Up With LATAM Airlines Group to Ease Travel

LATAM Airlines Group, the region's largest carrier, said on Wednesday that it had sought to extend until September the deadline to present its restructuring plan as part of the bankruptcy protection process initiated in 2020.

News for LATAM Airlines Group SA Sponsored ADR Stock (LTMAQ)