LAN Airlines 767. Courtesy, Boeing LATAM Airlines Group—the merger created between Santiago de Chile-based LAN Airlines and Brazil’s TAM Airlines—reported a third-quarter net income of $21.3 million, representing the first three months of integrated business between the two carriers (ATW Daily News, June 22). The figure excludes $19.5 million related to transaction expenses resulting from the merger and a one-time charge of $70.4 million related to a new ...

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