17-Mar-2017 10:43 AM
LATAM Airlines Group reports double-digit operating profit growth in 4Q and 2016
LATAM Airlines Group revenue up 7% - financial highlights:
- Three months ended 31-Dec-2016:
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- Total operating revenue: USD2569 million, +6.7% year-on-year;
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- Passenger: USD2112 million, +6.9%;
- Cargo: USD309.1 million, -7.7%;
- Total operating costs: USD2374 million, +5.2%;
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- Fuel: USD557.0 million, -2.8%;
- Labour: USD496.5 million, +7.6%;
- Operating profit: USD195.2 million, +30.9%;
- Net profit: USD54.3 million, -434%;
- Passengers: 17.1 million, -1.0%;
- Passenger load factor: 84.5%, +1.3 ppt;
- Passenger revenue per ASK: USD 6.2 cents, +7.6%;
- Passenger yield: USD 7.3 cents, +6.1%;
- Cargo: 255,000 tons, -5.9%;
- Cargo yield: USD 31.9 cents, -4.8%;
- 12 months ended 31-Dec-2016:
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- Total operating revenue: USD9527 million, -5.9%;
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- Passenger: USD7878 million, -6.3%;
- Cargo: USD1111 million, -16.5%;
- Total operating costs: USD8959 million, -6.8%;
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- Fuel: USD2057 million, -22.4%;
- Labour: USD1951 million, -5.9%;
- Operating profit: USD567.9 million, +10.5%;
- Net profit: USD69.2 million, -132%;
- Passengers: 67.0 million, -1.3%;
- Passenger load factor: 84.2%, +1.1 ppt;
- Passenger revenue per ASK: USD 5.8 cents, -6.9%;
- Passenger yield: USD 6.9 cents, -8.1%;
- Cargo: 944,000 tons, -6.4%;
- Cargo yield: USD 32.0 cents, -8.5%;
- Total assets: USD19,198 million;
- Cash and cash 949.3 million;
- Total liabilities: USD15,013 million. [more - original PR][more - original PR - Presentation]
LATAM Airlines Group: "Capacity growth guidance for 2017 remains unchanged (see table below). In addition, the Company maintains its guidance for an operating margin of between 6.0% and 8.0% for full year 2017." Source: Company statement, 15-Mar-2017.