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Asia Pacific
LATAM returns to New York Stock Exchange
LATAM Airlines Group rang the opening bell at the New York Stock Exchange, marking its return to the NYSE.
It first listed in the late 1990s but retreated in 2020 to restructure due to the pandemic.
It was the first Latin American airline to trade American Depositary Receipts (ADRs).
LATAM Airlines Group S.A. CEO Roberto Alvo said: “We are very proud to return to the world’s leading stock market at such an opportune time. This year has been marked by strong results across various areas, allowing us to significantly update our financial projections.”
LATAM also held its first “Investor Day,” with presentations from executives.
It updated its 2024 guidance and expects growth between 15% and 16% compared to last year.
It is forecasting adjusted EBITDAR (earnings before interest, taxes, depreciation, amortization, and rent costs) between US$3 billion – US$3.15 billion.
LATAM Group has secured an order for over 120 aircraft through 2030, which supports its future growth.
Its commitments with Airbus, Boeing, and lessors, totals 106 narrow-body aircraft (single aisle) and 19 wide-body aircraft including the recent purchase of 10 Boeing aircraft.
Currently, LATAM Airlines has a fleet of 341 aircraft.
LATAM Airlines is the only airline group in the region that connects South America with North America, Europe, Oceania, and Africa.
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Learn more about : LATAM Airlines Group ( Asia Pecific )
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