LATAM Group reports Q4 operating income of $267m and $513m for FY

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Cargo revenues decreased by 4.7% during fourth quarter of 2014, as we reduced capacity by 3.6%, resulting in a load factor of 62.3%, which represents an improvement of 0.4 percentage points as compared to the fourth quarter 2013. Despite the weakness in cargo trends mainly due to the slowdown in imports into Latin America and competitive pressures from regional and international cargo carriers, various initiatives allowed us to control yields during the fourth quarter of the year. As a result, ...