LATAM Airlines Group reported that despite posting a net loss of US$573.1 million in the third quarter, the group maintains a solid financial position of US$3.3 billion composed of US$866 million in cash and short-term investments and US$2.45 billion corresponding to the DIP financing agreement. LATAM reported revenues of US$512.9 million between July and September, an 80.8% decrease compared to the same period of the prior year. This decline is a result of operational restrictions caused by COVID-19 and reduced passenger demand. Cargo revenues increased 12.8%, driven by an increase in frequency of flights from Bogotá to Miami, and from
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.