LAN's bottom line sags. but record fourth quarter indicates promise

Despite a record fourth quarter, LAN Airlines' consolidated full-year net income slipped 10.4% to $146.6 million from $163.6 million earned in 2004. While operating revenues surged 19.8% to $2.5 billion, driven by a 24.9% increase in passenger revenue, expenses rose 23.1% and operating income fell...

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