Santiago-based LATAM Airlines Group has reported a 2013 net loss of $281.1 million, a $242 million improvement over 2012’s net loss of $523.1 million. LATAM’s 2013 revenue rose 0.3% to $13.3 billion as expenses fell 3.9% to $12.6 billion, producing an operating profit for the year of $643.9 million, more than seven times the operating profit of $91.4 million LATAM reported for 2012. Full-year system yield was down1.8% to 8.4 cents as RASK stayed steady year-over-year at 6.1 cents ...

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