LATAM Airlines shares fall after secondary offering unveiled

LATAM Airlines

09/02/2026 22:05

** U.S.-listed shares of Chile-based LATAM Airlines LTM.N down 3.2% post-market at $62.77 following secondary offering news

** LTM says one of its shareholders to part with 9 mln American Depositary Shares (ADSs)

** JP Morgan is the underwriter

** U.S.-listed shares on Mon inched up a penny to close at $64.85, up 20% YTD. They have slightly more than doubled over the past 12 months

** Co has 287.1 mln shares outstanding, per LSEG data

** 6 of 7 analysts rate shares "buy", 1 recommends "hold"; median PT $66.20

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))