Santiago-based LATAM Airlines Group posted a $94 million net profit for the first quarter of 2018, up 43.2% compared to 1Q 2017’s $66 million net income, driven by a 50% year-over-year (YOY) rise in operating income. The company said the operating income was boosted by unit revenue and capacity growth across LATAM’s passenger and cargo business. LATAM’s first-quarter operating margin was 8.4%, up 2.2 points year-over-year (YOY), as operating income reached $228.5 ...

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