LATAM Airlines sees stronger 2023 after Q2 results boost

LATAM Airlines expects "record" net earnings in 2023 after posting stronger second-quarter results and improved forecasts, company executives said on Wednesday, hoping to bolster investor confidence after the company's exit from bankruptcy in November. Speaking at a news conference, the Santiago-based airline's chief financial officer, Ramiro Alfonsin, said the company had enjoyed a strong first half of the year. "Without a doubt we are foreseeing a much better financial situation and very good profitability in 2023," he told reporters. The company on Wednesday also raised its 2023 forecasts for adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs to between $2.35b and $2.50b from $2b-$2.2b It also raised its revenue forecasts for the year to between $11.3b and $11.6b, from $11b-$11.5b, according to its quarterly report filing. Alfonsin added that the company was expecting to hit pre-pandemic level results for the year and record EBITDAR. LATAM Airlines, South America's largest airline, operates units across the continent, with routes across the world.<br/>