LAN Airlines reported second-quarter net income of $4.2 million, down 93% from a $60.5 million profit in the year-ago period, but touted its continued growth even in a recession as traffic rose 13.5%. Quarterly results included a $52.6 million fuel hedging loss. The Santiago de Chile-based company said it is "important to note that amidst the weakened global economic environment and despite the seasonally weak months, LAN continued to show significant growth in its passenger operations, ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.