LATAM reports Q2 results

LATAM Airlines Group S.A. has announced its consolidated financial results for the second quarter ending June 30th, 2014, in which it reported operating income of US$15.4 million with an operating margin of 0.5%, representing a decrease of 0.8% as compared to the second quarter 2013. LATAM attributed its results this quarter to reduced passenger and cargo demand during the FIFA World Cup soccer tournament held in Brazil, as well as by very week seed exports in the cargo business.  LATAM transported almost 3 million passengers in the domestic markets with more than 1,100 extra domestic and international flights, maintaining an