LATAM Airlines Group reports profit growth in 3Q2013

LATAM Airlines Group revenue up 1% - financial highlights for three months ended 30-Sep-2013:

• Total operating revenue: USD3361 million, +0.6% year-on-year;
• • Passenger: USD2834 million, +0.8%;
  • Cargo: USD436.4 million, -2.6%;
• Total operating costs: USD3105 million, -4.0%;
• • Fuel: USD1056 million, -9.1%;
  • Labour: USD625.0 million, -3.6%;
• Operating profit: USD255.5 million, +142%;
• Net profit: USD52.1 million, compared to a loss of USD49.2 million in p-c-p;
• Passenger numbers: 17.3 million, +2.5%;
• Passenger load factor: 82.4%, +1.2 ppt;
• Passenger yield: USD 10.4 cents, -1.1%;
• Cargo volume: 276,000 tons, -2.8%;
• Cargo load factor: 56.8%, -0.5 ppt;
• Cargo yield: USD 41.2 cents, -1.9%;
• Total assets: USD22,220 million;
• Cash and cash equivalents: USD1024 million;
• Total liabilities: USD17,454 million;
• 2013 forecast:
• • Pro forma capacity (ASK): 0% to +2%;
  • • TAM domestic (Brazil): -7% to -9%;
    • Spanish speaking countries: +12% to +14%;
    • International: +2% to +4%;
  • Cargo capacity (ATKs): 0% to +2%;
  • Operating margin: 5%. [more - original PR]