7-Sep-2012 12:13 PM

LAN will not issue 2012 interim dividends

LAN Airlines will not issue interim dividends in 2012 for the first time since 2003, according to a report by Diario Financiero, as the carrier purses a more conservative financial strategy following the loss of its investment grade credit rating after the merger with TAM. The conservative strategy will also reportedly help absorb TAM's debt into the combined LATAM Airlines Group and help fund expansion plans.