LATAM Airlines Group, buffeted by rising fuel costs and weak currencies, saw its net income decline by 67% to $52.9 million for the third quarter (3Q), compared with the same period last year. The Santiago-based group reported an operating income of $175 million for the quarter, down 28% year-over-year (YOY), representing an operating margin of 7%, a 2.2 percentage point decline. Total 3Q operating revenue was down 5.8% to $2.5 billion, while expenses dropped 3.5% to 2.3 billion. This ...

Subscribe to Access this Entire Article

"LATAM 3Q net income down 67% on fuel costs, weak currencies" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.