LATAM narrows loss in Q2 2019 financial results

LATM’s latest Q2 2019 financial results reveal the Chile-based airline has posted a loss of $63 million in the second quarter. The loss is an improvement of $144.9 million from its results experienced in the same period last year when the airline posted a $206 million loss. During the second period, LATAM reported an operating income of $40.2 million and an operating margin of 1.7%.  Its total revenues rose 0.5% year-on-year in the second quarter of 2019 to US$2.37 billion. This increase was driven by a 3.2% increase in passenger revenues as a result of 4.8% capacity growth measured in