LATAM Airlines Group Lowers Full-Year Profit and Margin Outlook
LATAM Airlines Group reduced its full-year profit and margin outlook as fuel costs rose beyond expectations and outpaced fare increases.
FlyMarshall Newsroom1 min read
Photo: FlightGlobal
LATAM Airlines Group lowered its full-year profit and margin outlook. A report linked the revised outlook to fuel costs rising more than expected and exceeding the effect of fare increases.
Key details
- LATAM passed through around 80% of increased fuel costs through higher fares, according to a report.
- The specific revised profit and margin forecasts are not available in the reported details.
Why it matters
Fuel expenses affect airline profitability, while fare increases can offset only part of those costs. LATAM’s revised outlook reflects that pressure on its expected results for the year.
More stories
Commercial
Shield AI Completes Assembly of First X-Bat Prototype
BreakingCommercial
Air Serbia Flight JU134 Turns Back Over Lithuania After Airport Security Checks
Commercial
Air India Considers Additional Boeing and Airbus Widebody Orders
Commercial
American Airlines Starts Daily Miami–Cap-Haïtien Service
Commercial
Lufthansa Group and Portugal Sign Agreement on TAP Air Portugal Stake
Commercial