NEWS Revenue up but losses continue at LATM Airlines

LATAM Airlines Group has reported strong operating results for first quarter 2015, with operating income reaching US$227 million, 102 per cent higher than the US$113 million reported in first quarter 2014. Operating margin reached 8.1 per cent at the South American group, compared to 3.5 per cent in the same period 2014. The significant margin expansion during the first quarter 2015 was mainly driven by a 16 per cent reduction in the company’s operating costs.

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