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Last $6.20 USD
Change Today +0.03 / 0.49%
Volume 437.1K
LFL On Other Exchanges
Symbol
Exchange
New York
Sao Paulo
Sant. Comerc
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

latam airlines group-sp adr (LFL) Snapshot

Open
$6.23
Previous Close
$6.17
Day High
$6.27
Day Low
$6.12
52 Week High
09/4/14 - $13.26
52 Week Low
07/27/15 - $5.84
Market Cap
3.4B
Average Volume 10 Days
609.6K
EPS TTM
--
Shares Outstanding
551.8M
EX-Date
05/8/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LATAM AIRLINES GROUP-SP ADR (LFL)

latam airlines group-sp adr (LFL) Details

LATAM Airlines Group S.A., together with its subsidiaries, provides passenger and cargo air transportation services in South America. It provides domestic and international passenger transport services to approximately 135 destinations in 22 countries and cargo services to approximately 144 destinations in 26 countries; and other services, such as ground handling, courier, logistics, and maintenance. As of December 31, 2014, the company operated a fleet of 327 aircraft, including 313 passenger aircraft and 13 cargo aircraft. The company was formerly known as LAN Airlines S.A. and changed its name to LATAM Airlines Group S.A. in June 2012. LATAM Airlines Group S.A. was founded in 1929 and is headquartered in Santiago, Chile.

53,247 Employees
Last Reported Date: 05/14/15
Founded in 1929

latam airlines group-sp adr (LFL) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

latam airlines group-sp adr (LFL) Key Developments

Latam Airlines Fails to Comply with One Condition in LAN/TAM Merger

FNE announced that Latam Airlines Group SA which was formed in 2012 via the merger of LAN and TAM, did not comply with one of the conditions for the transaction. The authority filed a case against Latam in the Court of Defence of Free Competition (TDLC) for breaching the seventh of 14 conditions that were imposed. When the merger was approved LAN and TAM agreed that within two years, by June 22, 2014, they would terminate all codeshare agreements with companies which are part of alliances different from Oneworld on routes connecting Chile with Europe and North America, or obtain approval to keep them. Additionally, the two merged airlines committed to seeking the prior approval of TDLC before signing any new codeshare deals with companies not part of Oneworld. After an investigation the FNE has concluded that Latam has maintained six codeshare agreements that do not comply with the court's decision, and has also signed four new ones without the needed authorization. Therefore FNE has asked TDLC to order that these agreements be terminated and that Latam pay a fine equivalent to some USD 4.2 million. LAN had opposed this seventh condition but its claim had been rejected by the Supreme Court.

LATAM Airlines Group S.A. Announces Pricing of Offering of Senior Unsecured Notes

LATAM Airlines Group S.A. announced it has priced its previously announced offering of $500,000,000 aggregate principal amount of 7.250% senior unsecured notes. The Notes will mature on June 9, 2020. Interest on the Notes will be paid on each June 9 and December 9, commencing on December 9, 2015. A portion of the Notes will be used to refinance the existing 9.50% Senior Guaranteed Notes due 2020 of TAM Capital 2 Inc. As part of the refinancing, Citigroup Global Markets Inc. launched on May 21, 2015 a cash tender offer for any and all of the TAM 2020 Notes and related consent solicitation to amend certain provisions in the indenture governing the TAM 2020 Notes. As of 5:00 P.M., New York City time, on June 4, 2015, approximately $195,938,000 in principal amount of the outstanding TAM 2020 Notes had been validly tendered (and not validly withdrawn) to the Offeror. It is intended that the TAM 2020 Notes purchased by the Offeror in the tender offer will be exchanged by the Offeror with LATAM Airlines Group for a portion of the Notes sold in the Offering. LATAM intends to use the net proceeds from the Notes sold in the Offering that are not exchanged for TAM 2020 Notes to redeem any TAM 2020 Notes that are not tendered pursuant to the Tender Offer. Any remaining proceeds will be used for general corporate purposes. The Notes will be senior unsecured obligations of LATAM Airlines Group. The Offering is subject to customary conditions, and there can be no assurances that the Offering will be consummated. The Notes have not been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. As a result, they may not be offered or sold in the United States or to any U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States under Regulation S under the Securities Act.

LATAM Airlines Group S.A. Announces Proposed Offering of Senior Unsecured Notes

LATAM Airlines Group S.A. and its affiliates announced that it intends to offer (the "Offering") Senior Notes (the "Notes"). A portion of the Notes will be used to refinance the existing 9.50% Senior Guaranteed Notes due 2020 of TAM Capital 2 Inc. (the "TAM 2020 Notes"). As part of the refinancing, Citigroup Global Markets Inc. (the "Offeror") has launched a cash tender offer for any and all of the TAM 2020 Notes and related consent solicitation to amend certain provisions in the indenture governing the TAM 2020 Notes. It is intended that the TAM 2020 Notes purchased by the Offeror in the tender offer will be exchanged by the Offeror with LATAM for a portion of the Notes sold in the Offering. LATAM intends to use the net proceeds from the Notes sold in the Offering that are not exchanged for TAM 2020 Notes to redeem any TAM 2020 Notes that are not tendered pursuant to the Tender Offer. Any remaining proceeds will be used for general corporate purposes. The Notes will be senior unsecured obligations of LATAM. The Offering is subject to customary conditions, and there can be no assurances that the Offering will be consummated. The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction. As a result, they may not be offered or sold in the United States or to any U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States under Regulation S under the Securities Act.

 

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Industry Analysis

LFL

Industry Average

Valuation LFL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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