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LAN Airlines revenue up 32%, operating profit up 7% in 1Q2011

27-Apr-2011 2:16 PM

LAN Airlines revenue up 32% - financial/traffic highlights for the three months ended 31-Mar-2011:

  • Total operating revenue: USD1365 million, +31.9% year-on-year;
  • Operating costs: USD1212 million, +35.8%;
    • Fuel: USD389.9 million, +43.5%;
    • Labour: USD238.2 million, +34.6%;
  • Operating profit: USD153.3 million, +7.3%;
  • Net profit: USD97.2 million, +10.1%;
  • Average sector length: 1767 km, -11.1%;
  • Passenger numbers: 5.5 million, +35.5%;
  • Passenger load factor: 80.9%, +1.6 ppt;
  • Passenger yield: USD 10.0 cents, +9.5%;
  • Passenger revenue per ASK: USD 8.1 cents, +11.7%;
  • Cargo volume: 205,000 tons, +18.0%;
  • Cargo load factor: 67.9%, -0.8 ppt;
  • Cargo yield: USD 40.7 cents, +11.7%;
  • Cargo revenue per ATK: USD 27.6 cents, +10.4%;
  • Total assets: USD6899 million, +1.7% when compared with period ended 31-Dec-2010;
  • Total liabilities: USD5500 million, +0.3% when compared with period ended 31-Dec-2010. [more]

LAN: “Considering the changes in market conditions while facing a higher fuel scenario, the Company is lowering its expected passenger ASK growth in 2011 from between 20% and 22% to between 16% and 18%. Such growth is driven by the net delivery of 18 passenger aircraft and the incorporation of AIRES’ operations. LAN Cargo’s expected cargo ATK growth in 2011 remains between 16% and 18%, mainly driven by the delivery of three Boeing 767-300F freighters between November 2010 and January 2011,” Company statement. Source: LAN, 26-Apr-2011.