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12-Aug-2016 9:37 AM

LATAM Airlines Group reports sharp operating profit decline to USD1.3m in 2Q2016

LATAM Airlines Group revenue down 13% - financial highlights:

  • Three months ended 30-Jun-2015:
    • Total operating revenue: USD2111 million, -12.5% year-on-year;
      • Passenger: USD1707 million, -13.7%;
      • Cargo: USD260.0 million, -22.3%;
    • Total operating costs: USD2109 million, -12.0%;
      • Fuel: USD468.0 million, -30.7%;
      • Labour: USD446.4 million, -15.5%;
    • Operating profit: USD1.3 million, -92.4%;
    • Net profit (loss): (USD92.1 million), compared to a loss of USD49.7 million in p-c-p;
    • Passenger numbers: 15.5 million, -1.9%;
    • Passenger load factor: 82.7%, +0.8 ppt;
    • Passenger yield: USD 6.5 cents, -15.2%;
  • Six months ended 30-Jun-2016:
    • Total operating revenue: USD4438 million, -14.7%;
      • Passenger: USD3665 million, -15.2%;
      • Cargo: USD536.0 million, -21.7%;
    • Total operating costs: USD4218 million, -15.0%;
      • Labour: USD935.1 million, -15.3%;
      • Fuel: USD929.4 million, -34.5%;
    • Operating profit: USD220.4 million, -9.7%;
    • Net profit: USD10.1 million, 10.1 million, compared to a loss of USD89.7 million in p-c-p;
    • Passenger numbers: 32.6 million, -1.3%;
    • Passenger load factor: 83.3%, +0.7 ppt;
    • Passenger yield: USD 6.6 cents, -17.6%;
    • Total assets: USD19,047 million;
    • Cash and cash equivalents: USD637.4 million;
    • Total liabilities: USD15,507 million. [more - original PR]

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