Signal in space travels 3 times quicker than fiber optics. This means that in some cases the latency may be lower than fiber.
c / (2/3) = ~1.5
Air barely refracts light, and glass refracts it heavily.
BTW laser links are prone to work worse in bad weather. Microwave links are often used instead.
For almost all other applications the factor 1.5 you gain from free-space vs fibre is not worth it. A trip around the equator in an optical fibre takes 200ms. That is acceptable for almost everything. Moreover, the latency of using any something free-space would likely not be much better, because one would need to regenerate at least 3 times (which might add ~10ms or so for each regeneration)