LAN Airlines (formerly LanChile) posted record net income of $47.6 million for the fourth quarter ended Dec. 31, up 35.4% over income of $35.2 million in the year-ago period. For all of 2004, the company earned $163.6 million, nearly doubling 2003's net income of $83.6 million. "Customer preference, an efficient cost structure and a solid financial position have enabled LAN to consistently improve its results over the last three years," the airline said. "As a consequence, LAN can focus ...
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