Latam Airlines Group Reports Q4 and full year results

LATAM Airlines Group has reported operating income of US$149.2 million for fourth quarter of 2015 and US$513.9 for full year 2015. Operating margin reached 6.2% for the quarter, and reached 5.1% for the full year, slightly above the upper bound of the guidance provided by the Company and 1.0 p.p. above the operating margin reached during full year 2014. LATAM’s improved results were mainly driven by a significant reduction in operating costs due to lower fuel prices, as well as by the Company’s ongoing cost savings initiatives and the positive effect of local currency devaluations on our costs. Cost per