LATAM closes 2022 with US$2.3 billion in liquidity and and the group achieves an operational recovery close to pre-pandemic levels
Source: LATAM LATAM Airlines Group S.A. announced today its financial results corresponding to the fourth quarter of 2022, closing a year marked by the completion of its restructuring proceeding under Chapter 11, a solid financial result and an operational recovery close to the pre-pandemic. In relation to the pre-pandemic period, the group managed to reduce its gross debt by 37.5%, going from US$10.4 billion before Chapter 11 to US$6.5 billion at the end of last year, in turn increasing its liquidity by 78%, reaching US$2.3 billion compared to the period prior to the reorganization proceeding started in May 2020. During the fourth quarter of last year, the group's total revenues reached US$2.744 billion, which represents 37.5% more than the same [...]