LATAM reports revenue increase and return to profit

LATAM reported a first quarter 2022 annual revenue increase of 43.2%, to US$ 2.8bn, and a return to profit, which came to over $121 million, a swing to the black compared to Q1 2022 loss of around $380 million. During the quarter LATAM said it “improved its liquidity and leverage position” compared to Q4 2022, a change it said was “building upon its successful emergence from Chapter 11 at the end of 2022” and represented a “solid reflection of LATAM’s more efficient cost structure following the initiatives implemented during the reorganization process”. LATAM said it decreased its adjusted leverage to