Chile's LATAM Airlines reports Q2 loss of $114m
LATAM Airlines reported a net loss of $114m in its Q2, a period that is usually the weakest for air travel companies throughout the region. But this year has brought additional challenges for airlines, including rising oil prices and a weak Brazilian real that makes international travel more costly for Brazilians, a top market for LATAM together with Chile. The company said the weaker real had netted a $79m loss. LATAM has struggled in recent years, amid a merger with Brazilian airline TAM in 2012 that has not boosted profits and a more intensely competitive market that prompted the airline to adopt a low-cost model for its domestic flights, including new charges for checked luggage and preferred seating options. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-21/oneworld/chiles-latam-airlines-reports-q2-loss-of-114m
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Chile's LATAM Airlines reports Q2 loss of $114m
LATAM Airlines reported a net loss of $114m in its Q2, a period that is usually the weakest for air travel companies throughout the region. But this year has brought additional challenges for airlines, including rising oil prices and a weak Brazilian real that makes international travel more costly for Brazilians, a top market for LATAM together with Chile. The company said the weaker real had netted a $79m loss. LATAM has struggled in recent years, amid a merger with Brazilian airline TAM in 2012 that has not boosted profits and a more intensely competitive market that prompted the airline to adopt a low-cost model for its domestic flights, including new charges for checked luggage and preferred seating options. <br/>
