LATAM Airlines Cuts Outlook
LATAM Airlines lowered its annual earnings forecast due to soaring fuel costs that squeezed operating margins. Despite strong third-quarter revenue and higher net profit, rising fuel expenses weighed on the carrier's outlook.
Xurve View
Insights:
Xurve View
LATAM AIRLINES GROUP SA cut its core earnings forecast for the year on Tuesday afternoon as soaring fuel prices squeezed operating margins. The downward revision arrived alongside a stronger revenue outlook driven by resilient third-quarter travel demand. The airline group's margin squeeze underscores the limits of passing higher fuel bills on to passengers.
