Surge in Argentine Tourists Fuels Chile Retail, Airline Earnings
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Chilean retailers and airlines have Argentine President Javier Milei to thank for a boost in fourth-quarter earnings, as an overvalued peso encourages shoppers to come across the border and stock up on goods in Chile.
Falabella SA, Cencosud SA and Latam Airlines Group SA all saw a boost to sales in the last quarter as hundreds of thousands of Argentines cross the Andes mountains to buy everything from home appliances to clothes.