© Reuters. FILE PHOTO: A passenger plane arrives at the Arturo Merino Benitez International Airport in Santiago, Chile May 26, 2020. REUTERS/Ivan Alvarado//File Photo
(Reuters) – LATAM Airlines (OTC:), 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.
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