LATAM Airlines Group SA Sponsored ADR ( (LTM) ) just unveiled an update.
On March 28, 2025, LATAM Airlines Group S.A. announced the initiation of a share repurchase program approved during an Extraordinary Shareholders’ Meeting on March 17, 2025. The program involves a pro rata mechanism on the Santiago Stock Exchange for up to 1.6% of the company’s outstanding shares, with the initial period running from April 1 to April 30, 2025. This strategic move, facilitated by J.P. Morgan Corredores de Bolsa SpA and Banchile Corredores de Bolsa S.A., is expected to impact the company’s market positioning and shareholder value.
More about LATAM Airlines Group SA Sponsored ADR
LATAM Airlines Group S.A. operates in the airline industry, providing passenger and cargo air transportation services across Latin America. The company is headquartered in Santiago, Chile, and is a prominent player in the regional aviation market.
YTD Price Performance: 15.50%
Average Trading Volume: 337,393
Technical Sentiment Signal: Strong Sell
Current Market Cap: $9.65B
See more insights into LTM stock on TipRanks’ Stock Analysis page.