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:
• • Total operating revenue: USD2569 million, +6.7% year-on-year;
  • • Passenger: USD2112 million, +6.9%;
    • Cargo: USD309.1 million, -7.7%;
  • Total operating costs: USD2374 million, +5.2%;
  • • 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:
• • Total operating revenue: USD9527 million, -5.9%;
  • • Passenger: USD7878 million, -6.3%;
    • Cargo: USD1111 million, -16.5%;
  • Total operating costs: USD8959 million, -6.8%;
  • • 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.