MEXICO CITY: LATAM Airlines projected on Thursday record earnings for next year of between $2.6 billion and $2.9 billion as passenger numbers grow and it reduces its debt load after coming out of bankruptcy last year.
The expected record earnings, measured in adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR), would top the maximum expected for this year of $2.5 billion.
The airline also expects passenger growth of between 12% and 14% next year, topping 2019’s growth rate within the first quarter and estimates revenues of $12.4 billion to $12.8 billion.
