LATAM Airlines' 15min chart shows Bollinger Bands Narrowing, Bearish Marubozu signal.

LATAM Airlines' 15-minute chart has recently exhibited a narrowing of Bollinger Bands, coupled with a bearish Marubozu formation at 09/02/2023 11:00. This trend suggests a reduction in the magnitude of stock price fluctuations, indicating that sellers are currently in control of the market. Furthermore, this bearish momentum is likely to persist.

Title: LATAM Airlines' Strategic Investment in Premium Economy: A New Era for Long-Haul Travel

LATAM Airlines has announced a significant investment in its long-haul fleet, introducing a new premium economy cabin on its Boeing 787 Dreamliner fleet. This move comes as part of a broader strategy to enhance the passenger experience and meet the growing demand for more comfortable travel options without the cost of business class.

The airline has confirmed that the seats for this new cabin will be supplied by German aircraft seat manufacturer RECARO Aircraft Seating, with deliveries set to begin in 2027. This will be the first time any Latin American carrier offers a dedicated premium economy product on long-haul flights, positioning LATAM as a pioneer in the region [1].

The introduction of the "Premium Comfort" cabin will feature RECARO's PL3530 long-range premium class seats, offering a 40-inch pitch, up to 8 inches of recline, and wider dimensions compared to standard economy seats. Each seat will also be equipped with the Panasonic Astrova in-flight entertainment system, which includes 16-inch 4K screens, Bluetooth audio pairing, USB-C fast charging, and AC power outlets [1].

LATAM's investment in Premium Comfort follows a broader strategy to update its long-haul product. The airline is currently carrying out a major retrofit program on its Boeing 787 fleet, with an initial investment of more than $360 million to cover both business and economy cabins. This retrofit program is being carried out at the airline’s maintenance bases in São Carlos, Brazil, and Santiago, Chile, and is expected to be completed by the second half of 2026 [1].

The airline has already begun flying three of its refurbished 787-8s, which have been deployed on routes linking Santiago with Easter Island, Madrid, New York, and Los Angeles. These aircraft feature RECARO R7 premium mini suites in business class, which offer sliding doors for added privacy and interiors inspired by the natural beauty of South America [1].

LATAM's strategic investment in Premium Comfort and its broader retrofit program reflects the airline's commitment to providing more options for passengers and enhancing the overall travel experience. As the airline continues to invest in its long-haul fleet, it is positioning itself as a leader in the premium economy segment, offering travelers more comfort and value for their money.

References

[1] https://simpleflying.com/latam-premium-economy-recaro-seats-boeing-787/