Q3 loss for LATAM

LATAM Airlines has reported 54% decline in operating income to US$118.4 million for third quarter 2014, compared to US$255.5 million operating income in third quarter 2013. Operating margin reached 3.8%, compared to 7.6% in 2013. The airline stated that this contraction in margins was “mainly driven by reduced corporate passenger and cargo demand during the FIFA World Cup soccer tournament held in Brazil in June and July 2014, as well as a generally weaker macroeconomic scenario in Latin America, including slower GDP growth trends and weaker currencies in most countries”. For third quarter 2014, LATAM reported a net loss of