LAN Airlines 767. Courtesy, Boeing 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%. Higher fuel prices, the impact of starting up LAN Colombia (ATW Daily News, Dec. 6, 2011) and the volcanic ash cloud that disrupted air traffic in Argentina and Chile were cited as the main causes of the net income ...

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