LATAM Cargo weathers 1Q headwinds with mild traffic gains

On the surface, it appeared to be a tough quarter for the cargo unit of Chile-headquartered LATAM Airlines Group. LATAM Cargo reported a steep 10.9% year-over-year drop in revenue, to US$263.5 million, in the first quarter of 2019, despite a 1.9% increase in cargo traffic to 899 million RTKs. After accounting for a $10 million […]