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LATAM hits a snag as Chile’s anti-trust court puts merger on hold. Latin American growth continues

3-Feb-2011

Chile’s LAN has run up against the Chilean antitrust regulator TDLC less than two weeks after announcing binding agreements in its plan to merge with Brazil’s TAM. The merger will create the world’s 11th largest carrier by passenger numbers. [1928 words]

Unlock the following content in this report:

Subheadings:

  • Merger will give LATAM 43% of Latin America‚Äôs domestic market
  • Binding agreement between LAN and TAM signed on 19-Jan-2011
  • LAN acquires AIRES
  • TAM forecasts traffic growth of 15-18%; capacity growth of 10-13% in 2011
  • LAN reports 50% jump in 4Q2010 profit
  • Fleet to increase to 185 aircraft by 2013
  • LAN Airlines expects 20-22% capacity growth in 2011
  • Outlook: activity in a high potential and fast-growing market

Graphs and data:

  • TAM guidance for 2011
  • LAN Airlines operating profit margin and net profit margin: 2005 to 2010
  • LAN Airlines overall load factor and break-even load factor
  • LAN Airlines unit revenue and unit costs: 2005 to 2010
  • LAN Airlines operating revenue and operating costs: 2005 to 2010
  • LAN Airlines fleet plan: 2010 to 2013
  • LAN Airlines: consolidated fleet
  • APPENDIX: LAN financial results
  • LAN financial highlights for three months ended 4Q2010 and FY2010
  • LAN operating statistics: 4Q2010 and FY2010
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