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3-Feb-2012 12:47 PM

LAN Airlines profits down as fuel costs surge in 4Q2011 and 2011

LAN Airlines revenue up 18% - financial highlights:

  • Three months ended 31-Dec-2011:
    • Total operating revenue: USD1535 million, +17.8% year-on-year;
    • Total operating costs: USD1366 million, +25.1%;
      • Fuel: USD467.7 million, +46.7%;
      • Labour: USD251.3 million, +9.9%;
    • Operating profit: USD169.5 million, -19.6%;
    • Net profit: USD112.5 million, -31.6%;
    • Passenger numbers: 6.1 million, +28.3%;
    • Passenger load factor: 79.9%, -1.8 ppt;
    • Passenger yield per RPK: USD 10.7 cents, +9.1%;
    • Passenger revenue per ASK: USD 8.5 cents, +6.7%;
    • Cargo volume: 237,000 tons, +10.1%;
    • Cargo load factor: 72.0%, +0.2 ppt;
    • Cargo yield: USD 73.8 cents, +5.2%;
    • Cargo revenue per ATK: USD 31.5 cents, +5.4%;
  • 12 months ended 31-Dec-2011:
    • Total operating revenue: USD5718 million, +26.4%;
    • Total operating costs: USD5179 million, +32.8%;
      • Fuel: USD1750 million, +50.6%;
      • Labour: USD1013 million, +27.6%;
    • Operating profit: USD539.7 million, -13.4%;
    • Net profit: USD320.2 million, -23.7%;
    • Passenger numbers: 22.6 million, +30.6%;
    • Passenger load factor: 79.8%, +1.5 ppt;
    • Passenger yield per RPK: USD 10.4 cents, +11.2%;
    • Passenger revenue per ASK: USD 8.3 cents, +13.4%;
    • Cargo volume: 875,000 tons, +12.2%;
    • Cargo load factor: 69.6%, -0.5 ppt;
    • Cargo yield: USD 43.6 cents, +10.4%;
    • Cargo revenue per ATK: USD 30.4 cents, +9.5%;
    • Total assets: USD7642 million, +12.6%;
    • Total liabilities: USD6185 million, +12.7%. [more – Original PR]

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