LATAM Airlines downgrades margin forecast after World Cup
SANTIAGO, July 18 (Reuters) - LATAM Airlines, Latin America's largest airline, cut its margin forecast for 2014, citing a negative impact from the soccer World Cup in Brazil in June and July.
LATAM, which was formed in 2012 in a tie-up between Chile's LAN and Brazil's TAM, said it now expects an operating margin this year of between 4 percent and 5 percent, down from its previous estimated range of 6 percent to 8 percent. (Reporting by Rosalba O'Brien; Editing by Chris Reese)
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