The LATAM Group reportó a net profit of $121.8 million during the first quarter of 2023 showing continuous good financial results.
LATAM continúshowing good performanceñor in its financial results, maintaining the positive trend of the úlast months after his successful departure from Capíleakage 11 the Añor past. At the end of the first quarter, LATAM had a net profit of US$121.8 million. At the same time, achievedó achieve liquidity of US$2.5 billion higher than that recorded the previous quarter.
LATAM reports profit
During the período, Total operating income amounted to US$2,805 million, what a represents 43,2% más that in 2022. While, Adjusted operating expenses were US$2.51 billion, what it generatedó an adjusted operating margin of 10,5% for the quarter.
The CFO of LATAM Airlines Group, Ramiro Alfonsoín said that “afterés of a 2022 in which the group completedó its restructuringófinancial n, LATAM containúgrowing. The first quarter result is a sóclear reflection of the cost structure más efficient after the initiatives implemented during the reorganization processón, accompaniesñado of a healthy context of demand. Así, A broad genusó US$199 million in cash in the first quarter and had a positive net result of US$122 million».
Consolidated operations increased 26,3% in the first quarter ofñor in comparisonón with the same period of 2022. Sun flightséoffices of the subsidiary in Brazil were up 21,4% regarding the 2022. In the case of Sunday flightséoffices of the subsidiaries in Colombia, Chile, Perú and Ecuador, éthese decreased 2,3% while international operations increased by 26,3% regarding the levels of 2022.
It is important to note that during 2023 LATAM Airlines Group restartá the route Santiago – Melbourne and the subsidiary in Brazil restoreá the Sao Paulo route – Johannesburg.
Además, the group LATAM wait for the arrival of 15 family airbus A320neo and 6 Boeing 787 during the second half of this toñO, all of which have already been funded.
Compliance with sustainability goals continues to advance. In the first quarter ofñO, the group LATAM reachedó a reductionón of the 88% of the plásingle-use plastics and areá committed to its reduction goalón of the 100% at the close of thisñO. further, and within the framework of promoting the use of Aviation Fuelón Sustainable (PURE), In March LATAM investedó in the useóSAF number for international operations LATAM Cargo.
An important milestone of the period was the reincorporationón of LATAM shares to IPSA, principal íIndex of the Santiago Stock Exchange. It must be remembered that LATAM shares haveíhave been removed from this íindex in May 2020, after the presentationón of the group to Capíleakage 11.
