22-Apr-2013 2:07 PM

LATAM 'on track' to return to profitability in Brazil; now accounts for 30% of LATAM revenue

LATAM VP Enrique Cueto said the carrier is "on track" to return to profitability in Brazil and has reduced domestic overcapacity while increasing average load factors to 73% in the country, which now accounts for 30% of LATAM revenue. LATAM chairman Mauricio Amaro, as reported by Diario Financiero, reiterated the carrier expects to achieve savings from synergies from the fourth year post-merger of USD600-700 million annually, while cautioning, "As we envision great opportunities for growth, we are also aware that mergers are not easy."

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