Subscribers

LATAM Airlines posts net loss of US$46.1m for Q4

Revenue drop, forex loss from real's depreciation cited

[SANTIAGO] LATAM Airlines posted a net loss of US$46.1 million for the fourth quarter due to a drop in revenue and a foreign exchange loss stemming from the Brazilian real's depreciation, the company said.

The loss was well short of forecasts for a US$2.4 million profit in a Reuters poll.

The company,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes