LAN’s 2011 outlook bright despite losses at Aires and delay in TAM merger to 2012
LAN remains optimistic it can continue posting double-digit profit margins throughout 2011 despite rising fuel costs, losses at its new Colombian operation and delays in proceeding with its proposed merger with TAM. The merger transaction, which would bring together Latin America’s two largest airline groups, is now not likely to be completed until early 2012.
Unlock the following content in this report:
Graphs and data: