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.
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Tamar Jorssen
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada