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Latam Airlines Group posts $342.75 million operating loss for August
By Sarah Lizee
Olympia, Wash., Sept. 30 – Latam Airlines Group reported a $342.75 million loss from operations for August on $201.04 million in total operating revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, the group posted a $161.49 million loss from operations for July on $162.07 million in total operating revenue.
The net loss for August was $139.77 million, compared to $175.3 million in July.
The company had $930.89 million in cash and cash equivalents as of Aug. 31, compared to $1.11 billion at the end of July.
Latam is a Santiago-based airline. The company filed bankruptcy on May 25 under Chapter 11 case number 20-11254.
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