Latam Airlines turns around as margins improve

[SANTIAGO] Latam Airlines swung to a net profit for the third quarter and improved its operating margin in a sign the region's biggest airline, battered by weakness in its Brazilian market, has started to turn the corner.

The company - formed in mid-2012 when Chile's flagship LAN took over Brazil's TAM - reported a net profit of US$52 million for the three months to September, in line with forecasts in a Reuters poll for a US$47 million profit.

For the same period a year ago, Latam posted a US$49 mill…