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LATAM Airlines Group Posts Loss as Qatar is Poised to Take a Stake

Brian Sumers

Photo Credit: LATAM was the first company to fly the 787 in the Americas. But despite its fuel-efficient fleet, it posted a second quarter loss.  Latam Airlines

Skift Take

LATAM Airlines Group has so much exposure to Brazil that its second quarter loss hardly comes as a surprise.

Airlines are making big money just about everywhere in the world, with one major exception — Latin America. LATAM Airlines Group, the large carrier formed after the 2012 merger of Chile's LAN and Brazil's TAM, lost $92.1 million (U.S.) in the second quarter, as it continues to struggle amid a "volatile" South America macroeconomic environment, management said Friday. The airline, among the last in the world to report second quarter earnings, said passenger revenues fell 13.7 perce

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