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LATAM Airlines reports a loss of $890 millon in second quarter

August 19, 2020

SANTIAGO (Reuters) – LATAM Airlines, South America’s largest carrier, on Tuesday reported a net loss of $890 million for the second quarter, hit by the coronavirus pandemic that drove the company into a Chapter 11 bankruptcy filing in May.

The carrier posted a 75% drop in revenue between April and June, due to widespread travel restrictions around Latin America.

(Reporting by Fabian Cambero; Editing by Shri Navaratnam)



from One America News Network https://ift.tt/323QqCm
LATAM Airlines reports a loss of $890 millon in second quarter LATAM Airlines reports a loss of $890 millon in second quarter Reviewed by Riyad on August 18, 2020 Rating: 5

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