LATAM group posts net profit of $145 million in Q2, 2023, updates full-year forecast

LATAM Airlines Group reported a net profit of $145 million in the second quarter ending June (Q2), with passenger operations seeing an impressive 28.4% increase compared to 2022 and low fuel costs. Total revenues reached $2.6 billion and increased by $450 million compared to the same period last year. The second quarter also saw the group announce several new routes that are expected to generate good revenues in the coming months. International operations long-haul and regional operations of various affiliates, have had a slower recovery compared to the affiliate’s domestic operations, increased 48.4% compared to 2022 in terms of capacity