LATAM reports $441 million Q3 profit as fuel costs compress margins and prompt lower earnings outlook
LATAM Airlines Group reported third-quarter revenue of $4.567 billion, up 18.4%, and net income of $441 million. A 52% jump in fuel costs cut its adjusted operating margin to 12.5% from 18.1%; despite passing through about 80% of the increase via higher fares, LATAM lowered its full-year adjusted EBITDA outlook while raising its revenue guidance floor.