16-May-2013 2:58 PM
LATAM Airlines Group operating profit increase three-fold in 1Q2013
LATAM Airlines Group revenue up 2% - financial highlights for three months ended 31-Mar-2013:
- Operating revenue: USD3409 million, +1.5% year-on-year;
- Passenger: USD2871 million, +1.5%;
- Cargo: USD460.4 million, -3.2%;
- Operating costs: USD3295 million, -0.6%;
- Fuel: USD1245 million, +3.0%;
- Labour: USD617.4 million, -7.5%;
- Operating profit: USD114.2 million, +150%;
- Net profit USD42.7 million, -48.9%;
- Passenger numbers: 16.6 million, +6.7%;
- Load factor: 78.8%, +1.5 ppt;
- Passenger yield: USD 10.5 cents, -4.3%;
- Passenger revenue per ASK: USD 8.3 cents, -2.4%;
- Cargo volume: 330,000 tons, +21.7%;
- Cargo load factor: 56.1%, -2.2 ppts;
- Cargo yield: USD 41.9 cents, -3.2%;
- Total assets: USD20,861 million, +0.3% when compared to period ended 31-Dec-2012;
- Total liabilities: USD15,509 million, -0.7% when compared to period ended 31-Dec-2012. [more - original PR]
LATAM: "The company expects passenger ASK growth for full year 2013 for LATAM Airlines Group to be approximately 2% to 4%. TAM's domestic passenger ASKs in the Brazilian market are expected to decrease by approximately 5% to 7% during 2013. Regarding cargo operations, LATAM expects cargo ATK growth between 2% and 4% for full year 2013, mainly driven by the incorporation of two new Boeing 777 freighters in September and October 2012, as well as additional belly capacity." Source: Company statement, 15-May-2013.