Business

Latam reported losses of $2.12 billion in the first quarter due to Coronavirus

LATAM Airlines reported that it had losses of $2.12 billion in the first quarter of 2020 due to restrictions to contain the Covid-19 pandemic.Through a statement, the company confirmed that the falls “are explained primarily by the lower book value of assets by $1,729 million due to the crisis of COVID-19, which does not affect the cash flow.

Source: Emol

Categories: Business