He Latam group reported that at cAt the end of the first quarter of 2023, it had a net profit of US$121.8 million. In addition, it reached a liquidity of US$2.5 billion, higher than that registered in the same period of time last year.
In detail, during the first three months, total operating income amounted to US$2,805 million, which represents 43.2% more than in 2022. While, adjusted operating expenses reached US$2,510 million, an operating margin of 10.5%. On the other hand, consolidated operations rose 26.3%.
“The first quarter result is a solid reflection of the more efficient cost structure after the initiatives implemented during the reorganization process, accompanied by a healthy demand context. Thus, Latam generated US$199 million in cash in the first quarter and had a positive net result of US$122 million,” said Ramiro Alfonsín, the CFO of LATAM Airlines Group.
In the case of domestic flights, in Brazil they increased 21.4%, while affiliates in Colombia, Chile, Peru and Ecuador decreased 2.3% compared to last year. However, international operations grew 26.3%.
Finally, Latam said that during the second half of this year, 15 Airbus of the A320-neo family and 6 Boeing 787 will be added to its clothing.
Source: Larepublica
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