LATAM Airlines Group 3Q2014 loss follows World Cup woes and currency challenges
Previous warnings by LATAM Airlines Group that reduced corporate demand during the FIFA World Cup soccer tournament would pressure 3Q2014 results came to fruition as the company posted net loss for the quarter.
Other more familiar factors also dragged down the company's results including an overall weak macroeconomic environment and currency devaluations that are eroding LATAM's pricing traction.
Even as the macroeconomic weakness seems likely to persist into 2015, LATAM for now plans a system wide capacity growth of 2%-4%, which is an increase over its overall capacity projections for CY2014. LATAM's planned expansion of supply next year is raising some eyebrows given the sluggish conditions it continues to face.
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