Latam Airlines Raises Guidance After Second Quarter Profit Jumps

Latam Airlines increased its outlook again for the full year after second-quarter net income surged on robust travel demand and lower jet fuel prices.

Latin America’s largest airline raised the lower end of its full-year guidance on capacity — measured by available seat kilometers — to a growth of 8.5% to 9.5%, up from its previous estimate of 7.5% to 9.5%. Adjusted Ebitdar, a measure of profitability that excludes items such as interest and taxes, is expected to reach $3.65 billion to $3.85 billion this year, above its previous guidance of $3.4 billion to $3.75 billion.

“We are updating our ...