News / Latam Airlines reports record profits and cargo growth in Q3 as Brazil recovers

© Max Moore

A rebounding Brazilian economy and growing confidence in the continent has finally given Latam Airlines Cargo some better figures to report – although there is still room for improvement.

The airline group saw operating income rise 60% in the third quarter, to $244m, driven by improvements in its Brazilian market and progress in “efficiency initiatives”.

Cargo revenue grew 2.5%, the first year-on-year increase since Q2 13, to $272.2m. Cargo traffic, as measured in revenue tonne km (RTKs) grew 3.5% in the quarter.

However, cargo tonnes ...