14-Nov-2012 4:36 PM
LATAM Airlines Group operating profit declines by 82% in 3Q2012
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:
- Passenger capacity: +4% to +6%;
- Cargo capacity: +6% to +8%. [more - original PR]