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LATAM Airlines Group operating profit increase three-fold in 1Q2013

16-May-2013 2:58 PM

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.