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LAN Airlines reports full 3Q2009 financial results

28-Oct-2009 1:48 PM

LAN Airlines reports (27-Oct-2009) the following full financial highlights for the three months ended 30-Sep-2009:

  • Revenue: USD917.5 million, -19.1% year-on-year;
  • Costs: USD825.1 million, -14.3%;
    • Fuel: USD242.2 million, -39.2%;
    • Labour: USD162.6 million, +4.3%;
  • Operating profit: USD92.4 million, -46.1%;
  • Net profit: USD82.1 million, -37.3%;
  • Passenger numbers: 3.9 million, +12.1%;
  • Load factor: 77.1%, -1.1 ppt;
  • Yield per RPK: USD 8.8 cents, -16.3%;
  • Revenue per ASK: USD 6.8 cents, -17.4%;
  • Cargo volume: 166,600 tonnes, +0.5%;
  • Yield: USD 32.3 cents, -34.8%;
  • Revenue per ATK: USD 22.2 cents, -37.1%. [more]

LAN: “Considering current market conditions, the Company expects passenger ASK growth to reach approximately 10% in 2009 and approximately 10% in 2010. Under the current global macroeconomic environment, LAN expects a cargo ATK decline of 7%-8% in 2009 and ATK growth of approximately 16%-18% in 2010,” Company statement. Source: LAN Airlines, 26-Oct-2009.