LATAM Airlines Group S.A. (LTM.SN)
LATAM Airlines Group S.A. operates in the Airlines, Airports & Air Services industry of the Industrials sector, headquartered in Santiago de Chile, CL. The stock last traded at $24.01, down 1.40% on the session, giving a market capitalisation of $13.79T. Its beta of 0.89 implies it has historically moved less than the broad market.
LATAM Airlines Group S.A., operating through its subsidiaries, specializes in providing extensive air travel and freight services. Its vast network primarily encompasses Chile, Peru, Ecuador, Colombia, Brazil, various other Latin American nations, the Caribbean, North America, Europe, and Oceania. As of June 30, 2022, the company served 133 passenger destinations across 20 countries and approximately 141 cargo locations in 23 nations, utilizing an active fleet of 300 aircraft, with an additional B767 cargo freighter subleased to an external entity. Established in 1929, the firm's corporate headquarters are situated in Santiago, Chile. It was formerly known as LAN Airlines S.A., changing its name to LATAM Airlines Group S.A. in June 2012. On May 26, 2020, LATAM Airlines Group S.A. and its affiliates initiated a voluntary Chapter 11 reorganization by filing a petition with the U.S. Bankruptcy Court for the Southern District of New York.
LATAM Airlines Group S.A. is most often compared with the following Industrials names: