Latam Airlines, the largest airline in Latin America, said Thursday it expects an operating margin of between 7.5 and 9.5 percent in 2018, up from its estimates for last year.
The Chile-based airline attributed the increase to a higher flow of passengers on international flights and domestic flights in Brazil.
Last year it had projected an operating margin of between six and eight percent.
The measure is a gauge of the proportion of a company's revenue remaining after paying wages and other variable production costs.
Created in 2012 from the merger of the Chilean airline LAN and the Brazilian TAM, the carrier posted its first profit, of $69.2 million, in 2016.