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21-Aug-2013 1:39 PM

LATAM Airlines Group reports operating profit in 2Q2013, forecasts 4%-6% operating margin in 2013

LATAM Airlines Group revenue stable – financial highlights for three months ended 30-Jun-2013:

  • Total operating revenue: USD3099 million, +0.3% year-on-year;
    • Passenger: USD2520 million, -1.4%;
    • Cargo: USD486.5 million, +1.7%;
  • Total operating costs: USD3060 million, -4.6%;
    • Fuel: USD1028 million, -11.3%;
    • Labour: USD640 million, +0.2%;
  • Operating profit: USD39.4 million, compared to a loss of USD117.0 million in p-c-p;
  • Net profit (loss): (USD329.8 million), compared to a loss of USD448.8 million in p-c-p;
  • Passenger numbers: 15.6 million, +2.8%;
  • Passenger load factor: 79.1%, +1.9 ppt;
  • Passenger yield: USD 10.1 cents, -1.5%;
  • Cargo volume: 290,000 tons, +2.4%;
  • Cargo load factor: 58.7%, +0.1 ppt;
  • Cargo yield: USD 43.5 cents, -1.5%;
  • Total assets: USD21,727 million;
  • Cash and cash equivalents: USD790.9 million;
  • Total liabilities: USD17,005 million;
  • FY2013 forecast:
    • Capacity (ASKs): 0% to 2%;
      • International: +2% to +4%;
      • Brazil domestic: -7% to -9%;
      • SSC domestic: +12% to +14%;
    • Cargo capacity: 0% to +2%;
    • Synergies (EBITDA): USD250 million to USD300 million;
    • Operating margin: 4% to 6%;
    • Jet fuel price: USD122 per barrel in 2H2013. [more - original PR]

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