LATAM group reported operating revenues of US$3.1 billion in the third quarter of the year
Source: LATAM LATAM Airlines Group announced its financial results for the third quarter of 2023, building upon the already positive results it has shown during this year. At the end of the period, the group achieved an adjusted operating margin of 13.4% and a net profit of US$232 million, accumulating US$499 million in the first nine months of 2023. Furthermore, LATAM group noted operating revenues of US$3,056 million, 18.1% more than in the same quarter of 2022, primarily explained by the 25.6% increase in passenger revenues. Adjusted EBITDAR was US$726 million, reaching US$1,858 million between January and September 2023. Regarding its cash position, LATAM group generated US$104 million in cash during the quarter, increasing its liquidity to US$2,729 million. “We [...]