IR at the Chilean airline
LanChile's active IR program is a high flier in the teeth of what appear to be major market headwinds. And these are serious impediments to IR aspirations. The company only has a free float of 15 percent, it's an airline, and it's in an emerging market. Even so, not only did the company carry on making money at the low point of this highly cyclical industry, they were the first Latin American airline company to float an ADR in New York.
The airline was partially privatized in 1989, and the
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