March 22, 2013
LATAM Airlines group report consolidated net income of US$8.5m in fourth quarter 2012
LATAM Airlines Group reported net income of US$ 8.5m for fourth quarter 2012, excluding US$21.9m of transaction-related expenses resulting from the business combination between LAN and TAM S.A. (“TAM”) as well as US$52.7m in aircraft sale and redelivery costs. Excluding these special items, operating income reached US$ 119.3m in fourth quarter 2012, resulting in a 3.4% operating margin. Total revenues in the 4th-quarter of 2012 reached US$ 3,475.4m compared to pro forma renenues of US$3,485.4m in the fourth quarter 2011.