Santiago-based LATAM Airlines Group narrowed its second-quarter 2018 net loss to $113.6 million, improved from 2Q 2017’s $138 million net loss, and despite a $79 million foreign exchange loss during the quarter mainly attributable to the 12.2% year-over-year (YOY) depreciation of the Brazilian currency. LATAM CFO Ramiro Alfonsin described 2Q 2018 as a “challenging macro environment,” singling out not only $175 million in increased fuel costs but also “two singular ...

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