Santiago-based LATAM Airlines Group has reported a first-quarter net loss of $41.3 million, reversed from a net income of $42.7 million in the year-ago quarter. The company said the results were due to non-recurring costs related to fleet restructuring. Excluding the one-off costs, it made a net profit of $80.7 million, up 88.7% over a net profit of $42.7 million in the year-ago quarter. The oneworld member is the merger created between Santiago de Chile-based LAN Airlines and Brazil’s ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.