LATAM Airlines reported losses for 219 million dollars during 2015, almost 100% more than the amount declared in 2014.

Thus, for the fourth consecutive year, Latam continues loosing due to the devaluation of the Brazilian currency and the Chilean peso in front of thedollar, Diario Financiero explained.

In 2015, the company reduced their costs in 325 million dollars, but the incomes per passenger, have been decreased 18% in comparison to 2014.

On account of this situation, the airline will reduce its investment plan for next three months in US$2900 million.