Chile's LAN Airlines posted 2011 net income of $320.2 million, down 23.7% from a net profit of $419.7 million in 2010. Operating income decreased by 13.4% to $539.7 million while operating margin slid 4.3 points to 9.4%.
Brazil-based TAM Linhas Aéreas said it reached a record passenger load factor of 81.4% on international routes last year, resulting from a 12.7% growth in RPKs and a 10% growth in ASKs.
Panama City Tocumen (PTY) recently completed construction of its North Pier, a 21,000 sq. m. passenger terminal, which is expected be fully operational by April. The North Pier will increase the airport’s capacity from 6 to 9 million...