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Chile's LATAM Airlines reports 2nd qtr loss of $114 mln [Reuters]

LATAM Airlines Group SA (LTM)  More Company Research Source: Reuters
US:NYSE Investor Relations: latamairlinesgroup.net
PDF Chile's LATAM Airlines reports 2nd qtr loss of $114 mln | Reuters 2 Min Read Aug 20 (Reuters) - LATAM Airlines, the biggest airline group in Latin America, reported a net loss of $114 million in its second quarter, a period that is usually the weakest for air travel companies throughout the region. But this year has brought additional challenges for airlines, including rising oil prices and a weak Brazilian real that makes international travel more costly for Brazilians, a top market for LATAM together with Chile. The company said the weaker real had netted a $79 million loss. LATAM has struggled in recent years, amid a merger with Brazilian airline TAM in 2012 that has not boosted profits and a more intensely competitive market that prompted the airline to adopt a low-cost model for its domestic flights, including new charges for checked luggage and preferred seating options. The company’s stock is down 27 percent so far this year in the Santiago Stock Exchange and, before the earnin [Read more]

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