LAN Airlines reports double-digit profit declines in 1Q2012

LAN Airlines revenue up 13% - financial highlights for three months ended 31-Mar-2012:

• Total operating revenue: USD1537 million, +12.6% year-on-year;
  • Passenger: USD1138 million, +16.4%;
  • Cargo: USD367.9 million, +6.2%;
• Total operating costs: USD1425 million, +17.7%;
  • Fuel: USD493.8 million, +26.6%;
  • Labour: USD298.6 million, +25.3%;
• Operating profit: USD111.2 million, -27.4%;
• Net profit: USD76.1 million, -21.8%;
• Passenger numbers: 6.4 million, +16.4%;
• Load factor: 82.9%, +1.9 ppts;
• Passenger yield: USD 10.2 cents, +2.2%;
• Passenger revenue per ASK: USD 8.5 cents, +4.6%;
• Cargo volume: 209,000 tons, +2.0%;
• Cargo load factor: 67.4%, -0.5 ppt;
• Cargo yield: USD 42.6 cents, +4.7%;
• Cargo revenue per ATK: USD 28.7 cents, +3.8%;
• Total assets: USD7688 million, +0.5% when compared to period ended 31-Dec-2011;
• Total liabilities: USD6160 million, -0.5% when compared to period ended 31-Dec-2011. [more - original PR]