LATAM Airlines Sees Brazil Capacity Falling

LATAM Airlines said it expects capacity in the Brazilian market will fall between 6 and 9 percent in 2016.

In a filing with Brazil's security regulator, the company said its operating margin will likely be between 4.5 and 6.5 percent this year.

LATAM Airlines was formed in 2012 through the merger of the biggest airlines in Chile and Brazil.