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LATAM Airlines posts net loss of US$46.1m for Q4
Revenue drop, forex loss from real's depreciation cited
Published Tue, Mar 18, 2014 · 10:00 PM
[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, formed in mid-2012 when Chile's flagship LAN took over Brazil's TAM, posted a net loss of US$69.8 million in the fourth quarter of 2012.
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