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]