UPDATE 1-Chile's LATAM Airlines beats estimates with $149 mln Q4 profit [Reuters]
LATAM AIRLINES GROUP SA (LTM)
US:NYSE Investor Relations:
latamairlinesgroup.net
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Source: Reuters
Chile's LATAM Airlines beats estimates with $149 million fourth-quarter profit | Reuters 2 Min Read (Reuters) - LATAM Airlines, the largest carrier in Latin America, reported on Tuesday a net profit of $149 million for the fourth quarter of 2018 and said its full-year results were its best since 2012, when the company was created in its current form. The results beat estimates of a Refinitiv poll of five analysts that forecast $136 million net income for the quarter. LATAM’s full-year 2018 profit came in at $182 million, showing the carrier relied heavily on the final months of the year to make up for what was a tough 2018 for airlines in Latin America, which have been hit by weak currencies in emerging markets and high oil prices. Its main rival in Brazil, Gol Linhas Aereas Inteligentes, posted a loss of 1.1 billion reais ($288.5 million) in 2018. LATAM said its 2018 results were the best since the creation of the company, which followed the 2012 merger of Chile’s LAN and Brazil’s TA
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