LAN Airlines recorded a net profit of $231.1 million in 2009, down 31.3% from the $336.5 million earned in 2008, a result it claimed demonstrated "the strength of the company's business model and LAN's resiliency to external shocks." Last year's result was impacted by a $128.7 million fuel hedging loss that compared to a $35.4 million gain in 2008. Revenue fell 14.7% to $3.66 billion, a drop driven by a 7% decline in passenger revenue resulting from lower fuel surcharges and pricing ...

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