Although high fuel prices resulted in $37.3 million in added expenses during the quarter, LAN Airlines' net income for the three months ended March 31 fell just 3.7% to $46.3 million from $48.1 million in the year-ago period. Operating income for the period dropped 10.2% to $56.6 million from $63 million in the 2004 quarter. "First-quarter performance is highly significant as LAN has been able to maintain profitability despite record fuel prices," the Chilean carrier said in a statement. ...

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