LATAM Airlines returns to green, nine months after emerging from bankruptcy

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LATAM Airlines recorded a net profit of $232 million in the third quarter of 2023, compared to a net loss of $296 million during the same period last year.

Her turnover increased by 18% between July and September to reach 3 billion dollars. These quarterly results are part of a solid recovery for the South American airline group, which also revised upwards its forecasts for the whole of 2023, following its exit at the end of last year, from the bankruptcy procedure under Chapter 11 in the United States, with a solid $8 billion reorganization plan.

LATAM Airlines now expects EBITDAR to be between $2.35 billion and $2.50 billion, compared to a previous estimate of $2 billion to $2.2 billion. “We now think we’re going to be at the upper end of that range“, declared its financial director, Ramiro Alfonsin.

The South American airline group, made up of the Chilean company LAN and the Brazilian TAM, also slightly revised upwards its forecasts concerning the size of its fleet, now estimating at 341 the number of devices by 2025.

John Walker Avatar