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.