Latam’s shares drop by 36% in Santiago Stock Exchange

A sharp drop in the shares of Latam Airlines on the Santiago Stock Exchange were recorded on Wednesday. Latam’s shares were trading down 36%, reaching CH$1,520 per unit and falling CH$825 from its opening price (CH$2,375). In total, Latam’s share price has fallen 68% so far this year. According to preliminary statistics published yesterday, passenger traffic decreased by 96.5% in May, while capacity decreased by 93.3%. Regarding travel in Chile, the airline reported a 96.2% drop in traffic, while internationally it reached -97.8%.

Source: EMOL