LATAM Airlines reported a fourth-quarter net profit of $2.538 billion, the company said on Thursday, and said the results reflected all financial renegotiations stemming from its bankruptcy proceedings.
A LATAM Airlines plane carrying a shipment of the Sinovac coronavirus disease vaccine arrives at Carrasco Airport in Montevideo, Uruguay February 25, 2021. REUTERS/Mariana GreifLATAM proposes to retain dividend to offset lossesreported a fourth-quarter net profit of $2.538 billion, the company said on Thursday, and said the results reflected all financial renegotiations stemming from its bankruptcy proceedings.
However the company will propose not to pay out dividends and instead use its 2022 profits to offset accumulated losses, it said in a securities filing later on Thursday.
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