Latam Airlines lowers full-year forecast on expected fuel cost surge
Updated
Updated · Bloomberg · May 5
Latam Airlines lowers full-year forecast on expected fuel cost surge
1 articles · Updated · Bloomberg · May 5
The carrier said first-quarter higher fuel prices cost about $40m and projected more than $700m in additional fuel expenses next quarter.
Despite the weaker outlook, Latam reported quarterly earnings that beat expectations as rising jet fuel prices began to weigh on operating costs.
The update highlights cost pressure on Latin America's largest airline by market value, even as its recent results remained stronger than analysts had expected.
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