Business

Latam registers a loss of $2.1 billion

Latam reported a net loss of $2.120 billion (R$11.5 billion) in the first quarter. The value is 35 times the losses recorded in the same period of 2019, of $60 million (R$325.9 million). According to the company, the result is explained by a reduction in capital gain of $1.729 billion due to the coronavirus crisis and which, according to the company, does not affect the company’s cash.

Source: Folha

Categories: Business