Avianca Holdings S.A. (AVH)
Colombian government to lend Avianca up to $370M (NYSE:AVH)
Colombia's finance ministry says the government will lend as much as $370M to Avianca Holdings (NYSE:AVH) to help with its restructuring amid the airline's Chapter 11 bankruptcy process in the U.S.The administrative committee of country's emergency fund approved the government-backed loan, due November 2021, and will be evaluated and definitively authorized by the judge overseeing the bankruptcy in the U.S.The company provides 500K direct and indirect jobs and about 14.6T pesos/year ($3.8B) to Colombia's economy, the ministry says, equivalent to ~1.4% of gross domestic product.Avianca filed for Chapter 11 bankruptcy in May after travel bans across Latin America forced the airline to ground its fleet.
Aeromexico files for Chapter 11 bankruptcy (OTCMKTS:GRPAF)
Aeromexico (OTCPK:GRPAF) files for Chapter 11 bankruptcy in the U.S., the third Latin American airline to seek court protection as the coronavirus pandemic wreaks havoc on air travel.Latin America's t
Volaris leads Latin American airline sector higher (NYSE:LTM)
Latin American carrier stocks are higher despite the bankruptcy filing from Latam Airlines (LTM) last night. Gol Linhas (GOL +4.2%), Avianca Holdings (AVH), Copa Holdings (CPA +9.7%), Azul (AZUL +2.4
LATAM Airlines Files Chapter 11 Bankruptcy Amid Coronavirus Woes
Provisions of the bankruptcy protection will not have an impact on LATAM Airlines' (LTM) passenger and cargo operations.
Southwest Stock Will Soar as Other Airlines Remain Grounded
With the best balance sheet n the sector and expansion opportunities piling up, LUV stock is in better shape than many people might think.
LATAM Airlines to lay off 1,400 employees
As if slashing wages of its 43,000 was not enough, LATAM Airlines Group (NYSE:LTM) to lay off 1,400 employees or 3% of the workforce amid coronavirus crisis, reports Reuters.“Unfortunately, we have co
Why Shares of United Airlines Holdings Are Down Today
Boeing's CEO talks down the sector, and one Latin American partner falls into bankruptcy.
Avianca Holdings Takes Important Step Forward In Reorganization
Major Airlines Will Emerge From the Economic Tailspin in Good Shape, Analyst Says
The hope now is that a recovery starts to take hold in 2021, fueled by a reopening of the economy and progress on containing the virus. That would imply there is some upside in the stocks, though investors may need to sit tight for a while until it materializes.
Avianca bankruptcy weighs on Latin American airlines
Latin American airline stocks Azul (AZUL -8.7%), Gol Linhas (GOL -7.6%), LATAM Airlines (LTM -5.5%) and Copa (CPA -2.5%) are in red following Avianca's (NYSE:AVH) bankruptcy filing.
Coronavirus drives Avianca to bankruptcy (NYSE:AVH)
Latin American carrier Avianca (NYSE:AVH) files for Chapter 11 bankruptcy after travel bans across the region forced the Colombian airline to ground its fleet.The airline, which faced a $65M bond paym
Avianca Holdings Initiates Voluntary Reorganization Proceedings
First Week of AVH December 18th Options Trading
Investors in Avianca Holdings SA (AVH) saw new options begin trading this week, for the December 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 240 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..
Why Airline Shares Are Falling Today
United provides a glimpse of how bad the first quarter was for the industry.
Bond Investors Abandon Largest Mexican Airline as Aid Hopes Dim
The finance chief of Grupo Aeromexico SAB, Mexico’s largest airline by market value, says the company will weather a pandemic that dried up passenger demand and drove the firm’s bonds to distressed levels, even without the safety net of a potential government aid package.
The Zacks Analyst Blog Highlights: Delta Air Lines, American Airlines, Ryanair, Avianca and JetBlue Airways
The Zacks Analyst Blog Highlights: Delta Air Lines, American Airlines, Ryanair, Avianca and JetBlue Airways
Coronavirus Ravages Air Travel: Traffic Sinks to 2-Decade Low
With air-travel demand drooping faster than capacity contraction in February, load factor declines in the period.
Airline Stock Roundup: U.S. Stimulus Aid, DAL's Coronavirus-Related Warning & More
With coronavirus wreaking havoc on air-travel demand, the likes of Alaska Air (ALK) and United Airlines (UAL) trim capacity.
United Airlines to Cut Domestic Capacity by 52% in April
With diminishing air-travel demand amid coronavirus concerns, United Airlines (UAL) plans to cut 68% of its total capacity for April.
Gol Linhas to Cancel International Flights on Coronavirus Woes
Apart from international flight cancellations, Gol Linhas (GOL) plans to reduce domestic capacity by 92%.
Investors bid down Latin American carriers
Latin American airline stocks are falling even harder than some of their global counterparts today on concerns over more travel bans. Gol Linhas (GOL -21.1%), LATAM Airlines (LTM -13.2%), Copa Holdin
Avianca Holdings (AVH) Q4 2019 Earnings Call Transcript
AVH earnings call for the period ending December 31, 2019.
Avianca's January metric update; load factor declines
Avianca Holdings (AVH +2%) reports revenue passenger kilometers fell by 9.5% in January, while passenger traffic decreased 11.5%.Total load factor slipped 220 bps to 81.3%, driven lower by a 260 bps d
Avianca revenue in-line
Avianca (NYSE:AVH): Q4 Adj. net income of $1.1M.Revenue of $1.15B (-10.9% Y/Y) in-line.Press Release
Bear of the Day: FedEx (FDX)
Trade war headwinds have given way to a new scapegoat, Wuhan coronavirus.
Avianca opens probe in wake of Airbus bribery settlement
Avianca Holdings (NYSE:AVH) has opened a probe into its business relationship with Airbus (OTCPK:EADSY) following the planemaker's record $4B bribery settlement reached last week with authorities in t
Travel sell-off hits Latin American carriers
Latin American airlines are reeling on broad concerns over global travel amid the coronavirus outbreak.The weak day for the sector arrives even though no incidents of the new strain of coronavirus ha
NerdWallet: 6 inspired ideas for traveling smarter this year
Take advantage of the biggest trends in the travel industry to get the most out of your travel time and dollars
Avianca Holdings Announces Fleet Plan Optimization
Load factor falls at Aviance Holdings
Avianca Holdings (AVH -0.1%) reports revenue passenger kilometers fell 9.0% Y/Y in November, while capacity was down 7.5%. The carrier's total load factor slipped 151 bps to 80.5%, driven lower by a
Avianca Holdings (AVH) Q3 2019 Earnings Call Transcript
AVH earnings call for the period ending September 30, 2019.
Top Ranked Value Stocks to Buy for November 22nd
Here are four stocks with buy rank and strong value characteristics for investors to consider today, November 22nd
Are Investors Undervaluing Avianca Holdings S.A. (AVH) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.