LATAM Airlines Group has reported an operating margin of 9.4% for first quarter 2016, an improvement of 1.3% over the same quarter in 2015, and net income of US$102 million, a US$142 million improvement over the first quarter 2015. The improvement in operating results was driven by a 17.8% drop in operating expenses, resulting from lower fuel prices, local currency devaluations and ongoing efficiency initiatives. LATAM maintains its operating margin guidance of 4.5% – 6.5% for full year 2016. Total revenues in the first quarter 2016 totaled US$2,327.6 million compared to US$2,791.1 million in first quarter 2015. The decrease of

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In