19-Mar-2014 12:35 PM
LATAM Airlines Group operating profit increase in 2013
LATAM Airlines Group revenue down 2% - financial highlights:
- Three months ended 31-Dec-2013:
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- Total operating revenue: USD3398 million, -2.1% year-on-year;
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- Passenger: USD2836 million, -0.8%;
- Cargo: USD479.7 million, -10.8%;
- Total operating costs: USD3163 million, -6.5%;
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- Fuel: USD1086 million, -13.2%;
- Labour: USD610.4 million, -4.9%;
- Operating profit: USD2349 million, +166%;
- Net profit (loss): (USD46.1 million), compared to a loss of USD69.8 million in p-c-p;
- Passenger numbers: 17.2 million, +0.1%;
- Passenger load factor: 82.6%, +3.9 ppts;
- Passenger yield: USD 10.5 cents, -1.0%;
- Cargo volume: 276,000 tons, -12.9%;
- Cargo load factor: 61.9%, +1.4 ppt;
- Cargo yield: USD 40.3 cents, -7.1%;
- 12 months ended 31-Dec-2013:
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- Total operating revenue: USD13,266 million, +0.3%;
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- Passenger: USD11,062 million, +0.4%;
- Cargo: USD1863 million, -4.0%;
- Total operating costs: USD12,622 million, -3.9%;
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- Fuel: USD4414 million, -7.7%;
- Labour: USD2493 million, -4.0%;
- Operating profit: USD643.9 million, -605%;
- Net profit (loss): (USD281.1 million), compared to a loss of USD523.1 million in p-c-p;
- Passenger numbers: 66.7 million, +3.1%;
- Passenger load factor: 80.8%, +2.3 ppts;
- Passenger yield: USD 10.4 cents, -2.0%;
- Cargo volume: 1.2 million tons, +1.5%;
- Cargo load factor: 58.4%, -0.3 ppt;
- Cargo yield: USD 41.7 cents, -3.5%;
- Total assets: USD22,631 million;
- Cash and cash equivalents: USD1985 million;
- Total liabilities: USD17,305 million;
- 2014 outlook:
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- Passenger capacity (ASK): -1% to +1%;
- Cargo capacity (ATKs): -2% to 0%;
- Operating margin: 6% to 8%. [more - original PR]