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apple developer account for sale :LATAM Airlines reports $963 million loss in fourth quarter

admin2021-05-2069

SANTIAGO - LATAM Airlines Group, the region's largest airline, on Tuesday reported a loss of $962.5 million in the fourth quarter, hurt by a second wave of the pandemic which has hit Latin America particularly hard. LATAM filed for bankruptcy protection last May and is still going through a court-supervised reorganization in the United States. Overall in 2020, the airline lost $4.6 billion, compared with a pre-pandemic profit of $196 million in 2019. The airline had $1.7 billion in cash and cash equivalents at the end of the year, it said, buffered by significant new debt brought on during the bankruptcy process. REUTERS
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