LATAM Airlines downgrades margin forecast after World Cup

viernes 18 de julio de 2014 17:22 GYT
 

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)