LATAM Airlines posted a third-quarter net profit of $232 million on Monday, a turnaround from a loss of $296 million in the same period last year when the...
SANTIAGO - LATAM Airlines posted a third-quarter net profit of $232 million on Monday, a turnaround from a loss of $296 million in the same period last year when the carrier was still in the process of its bankruptcy proceedings.
Last quarter, LATAM upwardly revised its forecasts for 2023. The company now anticipates EBITDAR to range between $2.35 billion and $2.50 billion, up from the previous estimate of $2 billion to $2.2 billion. LATAM also increased its revenue projection in August, predicting it will land between $11.3 billion and $11.6 billion, from $11 billion to $11.5 billion.
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