LATAM hit hard by Brazil weakness, suffers $50 million 2Q net loss

Credit: LATAM Airlines Group
LATAM Airlines Group , parent of Brazil’s TAM and Chile’s LAN Airlines, incurred a second-quarter net loss of $49.7 million, narrowed 15.6% year-over-year. The net deficit, lower than the year-ago quarter’s $58.9 million net loss, is attributed to difficult macroeconomic conditions in Latin America...

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