The group said the decrease continues to reflect “a weak macroeconomic environment” in South America, especially in Brazil, and the devaluations of Latin American currencies during the period.
Latam reported operating income of US$1.3 million for second quarter and US$220.4 for the first half of 2016.
Operating margin reached 0.1% for the quarter, representing a slight decrease of 0.7 percentage points as compared to the second quarter 2015.
Operating margin for the first half of 2016 reached 5.0%, “in-line with guidance” and 0.3% above the same period of 2015.
