Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Latam Airlines Declines in Santiago on Quarterly Loss

Latam Airlines Group SA, the airline created by the merger of Chile’s Lan and Brazil’s Tam, dropped to the lowest in three months after costs related to the combination led to a bigger-than-forecast loss.

Latam fell 0.8 percent to 10,678 pesos at the close in Santiago, its lowest closing price since Dec. 10 and its fifth day of losses. The Ipsa benchmark index advanced 0.6 percent.

The carrier reported yesterday a net loss attributable to shareholders of $51.1 million in the fourth quarter, compared with profit of $115 million a year earlier. The average estimate of six analysts surveyed by Bloomberg was for a loss of $32.5 million.

“Merger costs and the level of synergies obtained affected profit,” analysts at the brokerage unit of Chilean lender Banco de Credito & Inversiones said in an e-mailed note today. “The company’s performance and the challenges reaching its cost-saving goals will lead us to review our estimates.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.