Santiago, Chile-based LATAM Airlines Group reported a 2016 net profit of $69.2 million, reversed from a net loss of $219.3 million in 2015. LATAM Airlines Group is parent company to Brazil’s TAM and Chile’s LAN Airlines, and their affiliates. Full-year revenue for the group fell 6% year-over-year (YOY) to $9.5 billion, while operating expenses dropped 6.8% to $9 billion, producing an operating profit of $5.7 million, up 10.5% YOY. LATAM turned in a fourth-quarter 2016 net ...

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