Airline Finance News - Latin America / Caribbean.LAN Airlines LAN Airlines S.A. NYSE: LFL (formerly Lan Chile) is an airline based in Santiago, Chile. It is the principal Chilean airline and one of the largest in South America, with flights to Latin America, Canada, United States, Mexico, the Caribbean, Oceania, and Europe. LAN's bottom line sags. but record fourth quarter indicates promise. Despite a record fourth quarter, LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. Airlines' consolidated full-year net income slipped 10.4% to $146.6 million from $163.6 million earned in 2004.While operating revenues surged 19.8% to $2.5 billion, driven by a 24.9% increase in passenger revenue, expenses rose 23.1% and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. fell 17.7% to $141.6 million from $172.1 million. Traffic increased 15.6% against a 12% hike in capacity, lifting load factor 2.3 points to 73.8%. Yields went up 8% owing to lower stage lengths, surcharges, improved segmentation and higher premium traffic, LAN said. Revenue per ASK climbed 11.5% but unit cost per ATK ATK - Andrew Toolkit increased 12%, or 2.7% excluding fuel. Fuel costs jumped 55% last year. Mar 2, 2006 |
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