LATAM Airlines sees improved margins, profit in 2014
SANTIAGO Nov 27 (Reuters) - LATAM Airlines Group said it expected operating margins and profitability to improve in 2014.
In a short statement on Wednesday, the region's biggest airline said it estimated its operating margin at between 6 percent and 8 percent next year.
LATAM is expecting an operating margin of about 5 percent in 2013, the company said in releasing its third-quarter results earlier this month.
The company was created when Chile's LAN bought Brazil's TAM in 2012. It has been cutting costs and capacity as it seeks long-term to return to the double-digit margins LAN enjoyed before the merger.