Reuters
Chile’s LATAM Airlines swings to profit, beating estimates as passenger traffic grows
SANTIAGO (Reuters) -LATAM Airlines on Monday posted a third-quarter net profit of $232 million, boosted by higher passenger revenue and a turnaround from a loss in the same period last year when the carrier was still in bankruptcy proceedings. The profit, which topped an analyst consensus, reverses a year-earlier net loss of $296 million, with passenger revenue jumping 26%. Available seat kilometers (ASK), a measure of an airline’s seats multiplied by kilometers flown, rose 15%, with recovery seen especially in international flights, LATAM said.