U.S. markets closed
  • S&P 500

    4,305.20
    +8.06 (+0.19%)
     
  • Dow 30

    34,152.01
    +239.61 (+0.71%)
     
  • Nasdaq

    13,102.55
    -25.55 (-0.19%)
     
  • Russell 2000

    2,020.53
    -0.82 (-0.04%)
     
  • Crude Oil

    86.91
    +0.38 (+0.44%)
     
  • Gold

    1,790.40
    +0.70 (+0.04%)
     
  • Silver

    20.09
    +0.01 (+0.05%)
     
  • EUR/USD

    1.0177
    +0.0006 (+0.06%)
     
  • 10-Yr Bond

    2.8240
    +0.0330 (+1.18%)
     
  • GBP/USD

    1.2101
    +0.0007 (+0.06%)
     
  • USD/JPY

    134.3140
    +0.0990 (+0.07%)
     
  • BTC-USD

    23,888.43
    -74.28 (-0.31%)
     
  • CMC Crypto 200

    569.15
    -2.76 (-0.48%)
     
  • FTSE 100

    7,536.06
    +26.91 (+0.36%)
     
  • Nikkei 225

    28,868.91
    -2.89 (-0.01%)
     

LATAM Airlines reports $963 million loss in fourth quarter

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
Outbreak of the coronavirus disease (COVID-19) in Santiago
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

SANTIAGO (Reuters) - LATAM Airlines Group, the region's largest airline, on Tuesday reported a loss of $962.5 million in the fourth quarter, hurt by a second wave of the pandemic which has hit Latin America particularly hard.

LATAM filed for bankruptcy protection last May and is still going through a court-supervised reorganization in the United States.

Overall in 2020, the airline lost $4.6 billion, compared with a pre-pandemic profit of $196 million in 2019.

The airline had $1.7 billion in cash and cash equivalents at the end of the year, it said, buffered by significant new debt brought on during the bankruptcy process.

(Reporting by Fabian Cambero and Marcelo Rochabrun; editing by Richard Pullin)