$LTMAY LatAm airline shares jump as US-Iran pact knocks oil lower, easing fuel-cost pressure.
J.P. Morgan identified LATAM Airlines and Copa Holdings as top picks due to attractive valuations and strong balance sheets, while favoring Aeromexico $AERO for earnings momentum.
$TAWNF Too many shares, around 30B.
Institutional selling would impact the price. Reverse split will improve the price range and they will have control selling without much fluctuation in price.
Example Latam Air ways $LTMAY did the same last year.
LATAM Airlines pilots in Chile are set to launch a strike at midnight Wednesday after contract negotiations with the airline collapsed, the pilots’ union said in a statement Tuesday.
The union announced the work stoppage following weeks of failed talks aimed at securing improved working conditions, compensation, and scheduling flexibility. Despite multiple rounds of discussions, both sides were unable to reach an agreement, prompting the union to move forward with industrial action.
The strike could disrupt domestic and international flights across LATAM’s network, potentially affecting thousands of passengers. The company has not yet commented on how it plans to mitigate the impact but previously stated its commitment to maintaining operations and continuing dialogue with union representatives.
$LTM $LTMAY
$TAWNF There is a risk of Reverse split like $LTMAY as O/S is 28B. I expect 1 for 100 at some point in time. $LTMAY did execute 1 for 2,000 after the initial run.
I wouldn't be afraid to book profits.
$TAWNF
Latam Airways $LTMAY did exactly the same as $TAWNF
$LTMAY had 630B shares and went up to $1.44 after the re-list
$TAWNF has plenty of room to go imo
$TAWNF Compare with Singappore Airlines or $LTMAY which emerged from BK last year.
Thai government owns nearly 40% stake even after the reorg.
Active float will be minimal. So, hoping for a good run upon relist.
$TAWNF
After debt conversion $LTMAY O/S increased to 600B shares and still traded above $1.
Few weeks after relist, they did a reverse split 1 for 2,000 and now trading at $40+
$LTMAY I once was extremely bullish, and I still want to be. But a company that decimates its common shareholders who believed in them through backruptcy is not a company for me
$LTMAY I just have to post this as the chart is so extreme I may not see anything like this again. I feel bad for bulls holding before the event though. ( also wondering will twits ever update the ticker?
@Stocktwits actually there was feed $LTMAY that needs to become the new $LTM since they were trading otc during BK.. now they are out on nasdaq
so those feesd need merging ?? since is one and the same co
