Buy the Q2 Dip in LATAM: Tactical Mid-Term Long on a Cheap Passenger Recovery Play
LATAM (LTM) will report through a bumpy Q2 operationally, but shares trade at a modest P/E and sit closer to cycle lows than highs. This trade idea buys a tactical dip around current levels with a defined stop and ambitious but realistic target tied to passenger recovery and margin normalization over the next 45 trading days.