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SkyWest, Inc. (SKYW) - $25 value - yours FREE >>
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LATAM Airlines Traffic Rises, Load Factor Falls in January
LATAM Airlines Group S.A. posted traffic numbers for January. Consolidated traffic (measured in revenue passenger kilometers or RPKs) came in at 11.52 billion, up 5.1% from the year-ago figure. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 6.1% to 13.47 billion.
However, consolidated load factor (percentage of seats filled by passengers) contracted 80 basis points (bps) to 85.5% as capacity expansion outweighed traffic growth. Meanwhile, passenger count rose 5.7% to 6.58 million.
With the company scheduled to release fourth-quarter earnings on Mar 12, let’s delve into its likely performance in the period. Encouraging passenger and cargo revenues are anticipated to boost the company’s top line in the to-be-reported quarter.
However, alike the last few quarters, depreciation of the Brazilian Real and Argentinian Peso are expected to hamper the company’s fourth-quarter results too.
LATAM Airlines Group S.A. Price
LATAM Airlines Group S.A. Price | LATAM Airlines Group S.A. Quote
Price Performance
Shares of the company have plunged more than 27% in a year’s time due to headwinds like high costs and depreciation of the Brazilian Real and Argentinian Peso.
Zacks Rank & Other Key Picks
LATAM carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the same space are Azul SA (AZUL - Free Report) , Air France-KLM SA (AFLYY - Free Report) and SkyWest, Inc. (SKYW - Free Report) , each flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Azul and Air France-KLM have rallied more than 63% and 18% in the past six months. Meanwhile, the SkyWest stock boasts a stellar earnings history, having outpaced the Zacks Consensus Estimate in each of the trailing four reported quarters, the average being 16.9%.
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