LAN Airlines is feeling the effects of the industry crisis but said it expects to report a profit this year thanks to its domestic strength in Chile, Argentina, Peru and Ecuador and a robust cash position. Company officials in Santiago said the company generated $248 million in net income in the 12 months ended June 30 and they expect some $4 billion in revenue in 2009 on a 15% increase in passenger numbers to 15 million. LAN claimed its cash position is strong, with $700 million in cash and ...

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