AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Latam Airlines has increased its full-year guidance after reporting a second-quarter net income surge. The airline raised its capacity growth outlook to 8.5% to 9.5% and adjusted Ebitdar to $3.65 billion to $3.85 billion. The profit of $241.8 million was up from $145.3 million last year, and adjusted Ebitdar climbed 37.4% to $850 million. The company has already raised its yearly guidance last quarter and has seen its shares rise 66% since returning to the NYSE.
Latam Airlines has announced an upward revision to its full-year guidance following a robust second-quarter performance. The airline reported a net income of $241.8 million, up from $145.3 million in the same period last year, and adjusted Ebitdar climbed 37.4% to $850 million. This significant improvement led Latam to raise its capacity growth outlook to 8.5% to 9.5% and adjusted Ebitdar to $3.65 billion to $3.85 billion for the year [2].
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet