LATAM Airlines Group Q4 and full year 2014 results

LATAM reported a strong improvement in operating income for fourth quarter 2014, reaching US$267.0 million, an increase of 13.7% compared to the US$234.9 million reported in fourth quarter 2013. Operating margin reached 8.6%, compared to 6.9% in the same period 2013. The expansion in margins was mainly driven by a significant reduction in the Company’s operating costs which decreased by 10.3% in the quarter as compared to same period in 2013, despite the 1.8% increase in capacity as measured in ASKs. Net income reached US$98.3 million in fourth quarter 2014, compared to a net loss of US$46.1 million in fourth