Chile-based LATAM expects it will “outperform the Updated Business Plan for 2022” after it closed 2022 with a fourth quarter adjusted earnings (EBIT) margin of approximately 7.5%. The group said it expects adjusted EBITDAR generation of between US $2bn – US $2.2bn in 2023, taking it close to pre-pandemic numbers. It projected an approximate 20% growth in its passenger and cargo operations in 2023 compared with 2022, which would be in line with the August 2022 business plan. The group estimated it would cut its debt by “about 30% compared to the end of 2019”, down to US $6.1-6.2bn by

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