Latam narrows Q2 loss, but cargo showing disappoints

Chilean carrier Latam Airlines may have narrowed its net losses, but ATW reports that its freight business is continuing to haemorrhage money. In dismal Q2 figures, revenues for the three months to June were down 10.2%, with ATW claiming the weak showing was the result of currency valuations combined with an overall weakness in global trade. Despite the difficulties, not only in cargo, the carrier remains resolute in its ambitions to grow capacity. Following the Avianca Brasil bankruptcy, Latam remains one of just three carriers competing for domestic flights across Brazil. Full-year cargo capacity is expected to inch up somewhere between 0%-2%.