LATAM Airlines Group, parent of Brazil’s TAM and Chile’s LAN Airlines, incurred a second-quarter net loss of $49.7 million, narrowed 15.6% year-over-year. The net deficit, lower than the year-ago quarter’s $58.9 million net loss, is attributed to difficult macroeconomic conditions in Latin America, particularly in Brazil, to which LATAM has a great deal of exposure. LATAM has decided to reduce TAM’s domestic Brazilian capacity 2%-4% year-over-year in the ...

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