LAN and TAM tails
Santiago-based LATAM Airlines Group posted a net loss of $219.3 million for 2015, nearly doubling its 2014 net loss of $109.8 million. Additionally, LATAM reported a net loss of $16.3 million for its 2015 fourth quarter, reversing the $98 million in net profit for the year-ago quarter. LATAM Airlines Group is parent company to Brazil’s TAM and Chile’s LAN Airlines, and their affiliates. LATAM was hit hard in 2015 by ongoing economic weakness in Latin America. Following a 2015 ...
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