A resurgent fourth-quarter net profit of $98.3 million helped to ease full-year net losses for Santiago-based LATAM Airlines Group, which closed out 2014 with a net loss of $109.8 million, narrowed from its $281.1 million net loss in 2013. LATAM, parent of TAM and LAN airlines formed by a 2012 merger, attributed the fourth-quarter profits, which reversed its 4Q 2013 net loss of $46.1 million, to a 10.3% year-over-year (YOY) reduction in operating costs during the quarter, despite a 1.8% ...

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