LATAM Airlines posts surprise loss in first quarter

jueves 14 de mayo de 2015 18:19 GYT
 

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)