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LATAM Airlines Group operating profit declines by 82% in 3Q2012

14-Nov-2012 4:36 PM

LATAM Airlines Group revenue down 4% - financial highlights for three months ended 30-Sep-2012:

  • Total operating revenue: USD3345 million, -3.8% year-on-year;
    • Passenger: USD2817 million, -2.4%;
    • Cargo: USD448.0 million, -14.4%;
  • Total operating costs: USD3260 million, +8.1%;
    • Fuel: USD1162 million, +21.1%;
    • Labour: USD647.6 million, +0.4%;
  • Operating profit: USD85.0 million, -81.6%;
  • Net profit (loss): (USD63.7 million), compared to a loss of USD280.1 million in p-c-p;
  • Passenger numbers: 17.2 million, +12.1%;
  • Passenger load factor: 80.0%, +3.7 ppts;
  • Passenger yield: USD 10.7 cents, -9.0%;
  • Passenger revenue per ASK: USD 8.5 cents, -4.6%;
  • Cargo volume: 283,000 tons, -1.6%;
  • Cargo load factor: 57.2%, -1.5 ppt;
  • Cargo yield: USD 42.0 cents, -9.2%;
  • Cargo revenue per ATK: USD 24.0 cents, -11.6%;
  • Operating revenue per ASK: USD 6.2 cents, -4.4%;
  • Operating cost per ASK: USD 6.4 cents, +6.4%;
  • Total assets: USD20,465 million, +168% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: USD525.1 million, +40.2%;
  • Total liabilities: USD15,310 million, +147% when compared to period ended 31-Dec-2011;
  • FY2012 forecast:
    • Passenger capacity (ASKs): +2% to +4%;
    • Cargo capacity: 0% to +2%;
  • FY2013 forecast: