South American: Sales are poised to drop through the third quarter, for seven straight declines, according to data compiled by Bloomberg, according to Bloomberg. Brazil recession this year only adds to the strains on an airline that was, at its creation, the world largest by market value and the dominant South American carrier. Three years in, investors are getting impatient.A stock slump at Latam Airlines Group SA, the worst performer this decade on the Bloomberg Americas Airlines Index, is quickening in 2015, sending the shares to a six-year low. With some Lan and Tam operations still separate after the merger, the economic slowdown means the benefits of the deal are being pushed further into the future. That a very different macroeconomic scenario than we see today. The problem with the Lan-Tam merger is that when they were buying Tam and the Brazilian market, they were buying the biggest country in the region whose economy was growing at a fast pace and with a strong currency, said David Galante, a senior investment analyst at Banco Penta in Santiago.
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