LATAM Airlines posts surprise loss in first quarter
SANTIAGO May 14 (Reuters) - LATAM Airlines, Latin America's largest airline, posted a loss of just under $40 million in the first quarter, well below market forecasts.
The net loss in the three months to end-March 2015, which was a slight improvement on the $41 million it lost in the same period a year ago, compared to forecasts for a $42 million profit, according to a Reuters poll.
Hurt by a weak regional economy, the airline has struggled to match up to the hopes from its formation in a tie-up between Chile's LAN and Brazil's TAM in 2012.
(Reporting by Rosalba O'Brien; Editing by Grant McCool)
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