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Chile's LATAM airline expects higher revenue in 2023

January 20, 2023 11:25 AM AEDT | By Reuters
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(Reuters) - LATAM Airlines, South America's largest carrier, sees higher revenue in 2023 compared to last year, according to guidance from the company published in a statement on Thursday.

The Chile-based airline's revenues are expected to reach between $11 billion and $11.5 billion by the end of this year, compared to $9.5 billion estimated for 2022, while its adjusted EBIT margin is seen at 6%-8% this year, from around 1%, the statement said.

(Reporting by Valentine Hilaire and Carolina Pulice; Editing by David Alire Garcia)

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