Santiago-based LATAM Airlines Group reported a $155.3 million net profit for 2017, more than doubling the group’s $69.2 million net income in 2016, on the back of the company’s highest full-year operating income ($715 million, up 25.8% from 2016) since its formative merger six years ago. LATAM met its operating margin guidance for the year, reaching 7%, up from 6% in 2016. While fuel expenses for the year rose 12.7%, LATAM management noted the company reached its ...

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