LATAM reports Q4 and full year 2016 results

LATAM Airlines Group reported an operating margin of 7.6% for fourth quarter 2016, an improvement of 1.4 percentage points over the same quarter in 2015, and net income of US$54.3 million, a US$70.6 million improvement over the fourth quarter 2015. The improvement in operating results was driven by a 6.7% increase in total revenues, reflecting a positive revenue per ASK trend in domestic and international routes in Brazil as well as a stronger Brazilian currency. Total revenues in fourth quarter 2016 reached US$2,569.3 million showing an improvement of 6.7%, mainly driven by an increase of 6.9% in passenger revenue, after