Latam Airlines Group Sa (LTMAY) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
LATAM Airlines Group S.A. reported a record adjusted EBIT margin of 13.9% in Q1 2024, with a net income of $258 million amid strong demand and operational efficiency. The airline transported over 20 million passengers and saw a 17.5% capacity growth compared to Q1 2023, leading to revising its 2024 EBITDAR forecast upwards to $2.75 – $3.05 billion. These financial achievements are coupled with positive credit rating upgrades and plans to pay out dividends in May 2024.
For further insights into LTMAY stock, check out TipRanks’ Stock Analysis page.