LATAM Airlines Group, buffeted by rising fuel costs and weak currencies, saw its net income decline by 67% to $52.9 million for the third quarter (3Q), compared with the same period last year. The Santiago-based group reported an operating income of $175 million for the quarter, down 28% year-over-year (YOY), representing an operating margin of 7%, a 2.2 percentage point decline. Total 3Q operating revenue was down 5.8% to $2.5 billion, while expenses dropped 3.5% to 2.3 billion. This ...

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