Advertisement
Canada markets open in 3 hours 25 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7325
    +0.0002 (+0.02%)
     

  • CRUDE OIL

    83.94
    +0.37 (+0.44%)
     

  • Bitcoin CAD

    88,043.23
    +788.24 (+0.90%)
     

  • CMC Crypto 200

    1,391.05
    -5.49 (-0.39%)
     

  • GOLD FUTURES

    2,361.10
    +18.60 (+0.79%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,734.50
    +167.00 (+0.95%)
     

  • VOLATILITY

    15.64
    +0.27 (+1.76%)
     

  • FTSE

    8,117.92
    +39.06 (+0.48%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6821
    0.0000 (0.00%)
     

UPDATE 1-Chile's LATAM Airlines reports smaller loss, revenue more than doubles

Reuters
·1 min read

(Adds more information about results)

May 10 (Reuters) - LATAM Airlines, the largest Latin American airline, reported a smaller first-quarter net loss on Tuesday, while its overall revenue more than doubled due to an increase in passengers and cargo revenues.

The company reported a net loss of $380.07 million compared with a loss of $430.8 million a year earlier. Revenue jumped to $1.96 billion from the year-ago period.

The airline, born in 2012 from the merger of Chile's LAN with Brazilian rival TAM, has operating units in Chile, Brazil, Colombia and Peru.

In May 2020, LATAM filed for bankruptcy protection in the United States due to the impact of the restrictions related to the pandemic. (Reporting by Carolina Pulice and Valentine Hilaire; Editing by Christopher Cushing and Vinay Dwivedi)