LATAM Airlines Group operating profit increase in 2013

LATAM Airlines Group revenue down 2% - financial highlights:

• Three months ended 31-Dec-2013:
• • Total operating revenue: USD3398 million, -2.1% year-on-year;
  • • Passenger: USD2836 million, -0.8%;
    • Cargo: USD479.7 million, -10.8%;
  • Total operating costs: USD3163 million, -6.5%;
  • • Fuel: USD1086 million, -13.2%;
    • Labour: USD610.4 million, -4.9%;
  • Operating profit: USD2349 million, +166%;
  • Net profit (loss): (USD46.1 million), compared to a loss of USD69.8 million in p-c-p;
  • Passenger numbers: 17.2 million, +0.1%;
  • Passenger load factor: 82.6%, +3.9 ppts;
  • Passenger yield: USD 10.5 cents, -1.0%;
  • Cargo volume: 276,000 tons, -12.9%;
  • Cargo load factor: 61.9%, +1.4 ppt;
  • Cargo yield: USD 40.3 cents, -7.1%;
• 12 months ended 31-Dec-2013:
• • Total operating revenue: USD13,266 million, +0.3%;
  • • Passenger: USD11,062 million, +0.4%;
    • Cargo: USD1863 million, -4.0%;
  • Total operating costs: USD12,622 million, -3.9%;
  • • Fuel: USD4414 million, -7.7%;
    • Labour: USD2493 million, -4.0%;
  • Operating profit: USD643.9 million, -605%;
  • Net profit (loss): (USD281.1 million), compared to a loss of USD523.1 million in p-c-p;
  • Passenger numbers: 66.7 million, +3.1%;
  • Passenger load factor: 80.8%, +2.3 ppts;
  • Passenger yield: USD 10.4 cents, -2.0%;
  • Cargo volume: 1.2 million tons, +1.5%;
  • Cargo load factor: 58.4%, -0.3 ppt;
  • Cargo yield: USD 41.7 cents, -3.5%;
  • Total assets: USD22,631 million;
  • Cash and cash equivalents: USD1985 million;
  • Total liabilities: USD17,305 million;
• 2014 outlook:
• • Passenger capacity (ASK): -1% to +1%;
  • • International: 0% to -2%;
    • TAM:
    • • Brazil domestic: Flat;
      • Spanish-speaking countries: +6% to +8%;
  • Cargo capacity (ATKs): -2% to 0%;
  • Operating margin: 6% to 8%. [more - original PR]