New estimates suggest the merger between LAN Airlines and Grupo TAM could generate as much as $700 million in annual pre-tax synergies, a significant improvement on the $400 million previously forecast by the two operators. The new guidance anticipates about 60% of the total will come from new revenues and the remaining 40% from cost savings. Between $170 million and $200 million in synergies could be achieved in the first year following the creation of Latam Airlines Group, according to ...

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