Loading
27-Apr-2011 2:16 PM

LAN Airlines revenue up 32%, operating profit up 7% in 1Q2011

LAN Airlines revenue up 32% - financial/traffic highlights for the three months ended 31-Mar-2011:

  • Total operating revenue: USD1365 million, +31.9% year-on-year;
  • Operating costs: USD1212 million, +35.8%;
    • Fuel: USD389.9 million, +43.5%;
    • Labour: USD238.2 million, +34.6%;
  • Operating profit: USD153.3 million, +7.3%;
  • Net profit: USD97.2 million, +10.1%;
  • Average sector length: 1767 km, -11.1%;
  • Passenger numbers: 5.5 million, +35.5%;
  • Passenger load factor: 80.9%, +1.6 ppt;
  • Passenger yield: USD 10.0 cents, +9.5%;
  • Passenger revenue per ASK: USD 8.1 cents, +11.7%;
  • Cargo volume: 205,000 tons, +18.0%;
  • Cargo load factor: 67.9%, -0.8 ppt;
  • Cargo yield: USD 40.7 cents, +11.7%;
  • Cargo revenue per ATK: USD 27.6 cents, +10.4%;
  • Total assets: USD6899 million, +1.7% when compared with period ended 31-Dec-2010;
  • Total liabilities: USD5500 million, +0.3% when compared with period ended 31-Dec-2010. [more]

LAN: “Considering the changes in market conditions while facing a higher fuel scenario, the Company is lowering its expected passenger ASK growth in 2011 from between 20% and 22% to between 16% and 18%. Such growth is driven by the net delivery of 18 passenger aircraft and the incorporation of AIRES’ operations. LAN Cargo’s expected cargo ATK growth in 2011 remains between 16% and 18%, mainly driven by the delivery of three Boeing 767-300F freighters between November 2010 and January 2011,” Company statement. Source: LAN, 26-Apr-2011.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More