LAN Airlines reported a third-quarter net income of $94.5 million, down 11% compared to $106.2 million in the year-ago quarter.
LAN Airlines reported a third-quarter net income of $94.5 million, down 11% compared to $106.2 million in the year-ago quarter. The Santiago, Chile-based company said the results were driven by “solid traffic growth, reflected in strong yields and load factors in both the passenger and cargo businesses.” Total operating revenue rose 29% to $1.49 billion, while expenses increased 33% to $1.33 billion, producing an operating income of $161.2 million, up 2.9% over $156.6 million ...
Subscribe to Access this Entire Article
"LAN 3Q earnings down 11%; merger on track for early 2012" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.