Fleet expansion strategy
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LTM Stock Surges 28.8% in 3 Months: Is the Rally Sustainable in 2026?
ZACKS· 2026-01-05 14:15
Core Insights - LATAM Airlines Group (LTM) shares have surged 28.8% over the past three months, outperforming the Zacks Transportation sector's 19.3% rise [1][9] Growth Strategy - LTM targets 8-10% passenger capacity growth for 2026 while maintaining operating margins of 15-17% [3][9] - The company emphasizes expansion in faster-growing international markets and selective domestic increases while controlling unit costs [3] Financial Performance - LTM aims to lift adjusted EBITDA to $4.2-4.6 billion and generate over $1.7 billion in levered free cash flow, keeping net leverage at or below 1.4x [4] - The company maintains ample liquidity above US$5 billion and continues to invest in technology and customer experience for long-term growth [4] Fleet Expansion - LATAM Airlines plans to expand its fleet from 363 aircraft at the end of 2025 to 371 in 2026, with a focus on narrow-body aircraft growth [5] - The narrow-body fleet is expected to increase from 284 to 291, 329, and 343 aircraft, driven by an increase in Airbus Neo aircraft [5] - Wide-body capacity will expand more selectively, while the cargo fleet remains stable at 20 aircraft [6] Earnings Estimates - The Zacks Consensus Estimate for Q4 2025, full-year 2025, and full-year 2026 has been revised upward by 3.05%, 4.23%, and 4.5% respectively over the past 60 days [10]
Performance Shipping Inc. Announces Delivery of the Second of Two 2019-Built Suezmax Tankers, M/T P. Beverly Hills
Globenewswire· 2025-12-22 14:27
Core Viewpoint - Performance Shipping Inc. has successfully completed the acquisition of two 2019-built Suezmax tankers, enhancing its fleet and operational efficiency while ensuring strong cash-flow visibility through a reputable charterer [2]. Group 1: Company Overview - Performance Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership of tanker vessels [3]. - The company operates a fleet that includes spot voyages, pool arrangements, and time charters [3]. Group 2: Fleet Expansion - The delivery of the M/T P. Beverly Hills marks the completion of the company's Suezmax acquisition, bringing the total fleet to twelve tanker vessels, including two newbuild tankers under construction and ten currently operating [2]. - The acquisition of the two Suezmax vessels is a significant milestone in the company's fleet expansion strategy, aimed at improving operational efficiency and environmental sustainability [2]. Group 3: Financial Implications - The immediate employment of the new vessels with Repsol Trading S.A. provides strong cash-flow visibility from the outset, highlighting the high quality and commercial competitiveness of the company's fleet [2].
Heidmar Maritime Holdings Corp. Expands Crude and Product Tanker Markets With Strategic Additions to Managed Fleet
Globenewswire· 2025-10-23 11:30
Core Insights - Heidmar Maritime Holdings Corp. is enhancing its market position by adding super-eco vessels to its managed fleet, focusing on both crude oil and clean petroleum product markets [1][5] - The company's growth strategy emphasizes energy efficiency, operational excellence, and long-term sustainability [1][5] Fleet Developments - A new Suezmax tanker joined Heidmar's fleet in August 2025, constructed at New Times Shipbuilding Co. [5] - Two LR1 Super Eco newbuild vessels were integrated into the fleet in August and September 2025 from a reputable Chinese shipyard [5] - A super eco LR2 tanker is scheduled to join the fleet under full technical and commercial management in late November 2025 [5] Company Overview - Heidmar, celebrating its 40th anniversary, operates in the crude and product tanker market with a commitment to safety, performance, and transparency [2] - The company has a global presence with operations in Athens, London, Singapore, Chennai, Hong Kong, and Dubai, aiming to maximize customer profitability [2]