Group 1 - LATAM Airlines successfully emerged from Chapter 11 and its shares were relisted last year [1] - The stock price of LATAM Airlines has gained 17% since the last report, contrasting with a 3.2% loss in the broader market [1] - The Aerospace Forum focuses on discovering investment opportunities in the aerospace, defense, and airline industry, leveraging data analytics for informed analysis [1] Group 2 - The analyst provides context to developments in the aerospace industry, highlighting significant growth prospects [1] - The investing group offers direct access to data analytics monitors, enhancing investment decision-making [1]

Core Insights - LATAM Airlines Group S.A. has been analyzed following its Q1'25 earnings release, reaffirming the previous analysis made after the Q4'24 earnings release [1] Group 1 - The analysis indicates a beneficial long position in LATAM Airlines shares, suggesting confidence in the company's future performance [1]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1][2] Group 1: Momentum Investing Strategy - Momentum investors typically do not time the market, instead they capitalize on stocks that are already trending upwards [1] - The challenge lies in determining the right entry point, as stocks can lose momentum if their valuations exceed future growth potential [2] Group 2: Investment Opportunities - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [3] - LATAM (LTM) is highlighted as a strong candidate, showing a four-week price change of 1.8% and a 12-week gain of 2.3% [4][5] - LTM has a high beta of 3.49, indicating it moves 249% more than the market, suggesting significant volatility [5] Group 3: Performance Metrics - LTM has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - LTM is trading at a Price-to-Sales ratio of 0.73, suggesting it is undervalued at 73 cents for each dollar of sales [7] Group 4: Additional Opportunities - Besides LTM, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to outperform the market [9]

LATAM Airlines Group - LATAM Airlines Group reported a year-over-year increase in revenue passenger-kilometers (RPK) for March 2025 [1] - The company experienced a 7.2% year-over-year increase in consolidated capacity, primarily driven by a 9.9% increase in international operations [2] - Despite the increase in traffic, the load factor fell to 81.9% from 83.9% in March 2024, indicating that capacity expansion outpaced traffic growth [3] - LATAM Airlines transported 6.9 million passengers in March 2025, reflecting a 3% year-over-year increase [3] Ryanair Holdings - Ryanair reported a 10% year-over-year increase in passengers transported, totaling 15 million in March 2025 [4] - The load factor for Ryanair remained flat at 93% year-over-year, indicating consistent demand for its services [5] - Ryanair operated over 84,000 flights in March 2025 and became the first European airline to carry 200 million passengers in a fiscal year ending March 2025 [6] Other Companies in the Sector - Air Transport Services Group (ATSG) holds a Zacks Rank of 2 (Buy) with an expected earnings growth rate of 31% for the current year [8] - ATSG has a strong earnings surprise history, outperforming the Zacks Consensus Estimate in three of the last four quarters with an average beat of 6.1% [9] - Expeditors International of Washington (EXPD) also carries a Zacks Rank of 2, with a 2.2% upward revision in the earnings estimate over the past 90 days [10] - EXPD has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 11.6% [10]

LATAM Airlines Group Performance - LATAM Airlines Group reported a year-over-year increase in revenue passenger-kilometers (RPK) for February 2025 [1] - The company experienced a 4.4% year-over-year increase in consolidated capacity, measured in available seat kilometers (ASK), primarily driven by a 9.1% increase in international operations [2] - LATAM's revenue passenger kilometers increased by 3.1% year over year, but the load factor fell to 83.3% from 84.4% in February 2024 due to capacity expansion outpacing traffic growth [2] Passenger Transport Statistics - LATAM Airlines transported over 6.5 million passengers in February 2025, reflecting a 1.8% year-over-year increase [3] - Other airlines, such as Ryanair and Allegiant, also reported traffic numbers, with Ryanair showing a significant increase in passenger numbers [3] Ryanair Performance - Ryanair transported 12.6 million passengers in February 2025, marking a 14% year-over-year increase, with a load factor of 92% remaining flat year-over-year [4] - The airline operated over 71,360 flights in February 2025, showing improvement from the previous month despite delays in Boeing deliveries [5] Allegiant Travel Company Performance - Allegiant's scheduled traffic, measured in revenue passenger miles, rose by 7.4% year-over-year in January 2025, with capacity increasing by 9.9% [5] - Despite the traffic growth, Allegiant's load factor declined to 78.8% from 80.7% in the prior year due to significant capacity expansion [6]

Financial Reporting - The company reported its audited consolidated financial statements for the periods ended December 31, 2022, 2023, and 2024, prepared in accordance with IFRS Accounting Standards[21]. - LATAM Airlines Group maintains accounting records in U.S. dollars, with some affiliates using local currencies such as Chilean pesos and Brazilian real[17]. - The observed exchange rate for the Chilean peso on December 31, 2024, was Ch$996.46 = $1.00, while the Brazilian real was R$6.19 = $1.00[18]. Stock Market Activity - LATAM Airlines Group's shares were relisted on the NYSE on July 25, 2024, following a public secondary offering of 19,000,000 ADSs at a price of $24.00 per ADS[20]. - The company has a single series of shares of Common Stock listed on the Chilean Stock Exchange, with American Depositary Shares representing 2,000 shares each[20]. Business Operations and Strategy - LATAM Airlines Argentina announced the indefinite cessation of its passenger and cargo operations on June 17, 2020[15]. - The company anticipates future demand for passenger and cargo air services to be influenced by economic conditions in Latin America and globally[27]. - LATAM Airlines Group's growth strategy will be impacted by its ability to service debt and fund working capital requirements[27]. - The company emphasizes the importance of maintaining customer relationships and brand perception in its future strategies[27]. Risks and Challenges - LATAM Airlines Group's financial performance is subject to risks including competition, fuel price fluctuations, and changes in regulations[27].

Core Insights - LATAM Airlines Group was relisted on the NYSE with an initial trading value of approximately $24 per share [1] Group 1 - The company has been noted for its potential investment opportunities following its relisting [1]

Results Presentation Fourth Quarter and Full Year 2024 January 31, 2025 Disclaimer Neither the United States Securities and Exchange Commission ("SEC") nor the Chilean Comisión para el Mercado Financiero (the "CMF") nor any securities commission of any other U.S. or non-U.S. jurisdiction has reviewed, approved or disapproved of this Presentation, or determined that this Presentation is truthful or complete. No representations or warranties, express or implied, are given in, or in respect of, this Presentati ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Identifying the right entry point for fast-moving stocks is challenging, and investors may end up with expensive shares that have limited upside [1] Group 2: Bargain Stocks with Momentum - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 3: LATAM (LTM) Stock Analysis - LATAM (LTM) has shown a price increase of 1.6% over the past four weeks, indicating growing investor interest [3] - LTM gained 4.4% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 3.68, suggesting it moves 268% higher than the market in either direction [4] Group 4: Performance Metrics - LTM has a Momentum Score of B, indicating a favorable time to invest for potential success [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - LTM is trading at a Price-to-Sales ratio of 0.66, meaning investors pay 66 cents for each dollar of sales, indicating a reasonable valuation [6] Group 5: Additional Investment Opportunities - Besides LTM, there are other stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria, suggesting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles to help identify winning stock picks [8]

Group 1: monday.com Ltd. (MNDY) - The company has a Zacks Rank of 1, indicating strong performance potential [1] - The Zacks Consensus Estimate for its current year earnings has increased by 15.5% over the last 60 days [1] - monday.com has a PEG ratio of 1.55, which is lower than the industry average of 2.27 [1] - The company possesses a Growth Score of A, reflecting its growth potential [1] Group 2: LATAM Airlines Group S.A. (LTM) - The company also carries a Zacks Rank of 1, suggesting favorable investment conditions [2] - The Zacks Consensus Estimate for its current year earnings has risen by 22.8% over the last 60 days [2] - LATAM Airlines Group has a PEG ratio of 0.48, significantly lower than the industry average of 1.32 [2] - The company has a Growth Score of A, indicating strong growth prospects [2] Group 3: Pitney Bowes Inc. (PBI) - This company holds a Zacks Rank of 1, indicating a positive outlook [3] - The Zacks Consensus Estimate for its current year earnings has increased by 8.6% over the last 60 days [3] - Pitney Bowes has a PEG ratio of 0.45, which is much lower than the industry average of 3.35 [3] - The company possesses a Growth Score of B, suggesting moderate growth potential [3]