Airline Finance News - Latin America / Caribbean.Nov 6, 2006 Gol Gol grows profits despite fatal crash. Gol ended a third quarter touched by tragedy BRL BRL In currencies, this is the abbreviation for the Brazilian Real. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 190 million ($88.6 million) in the black, a 37.5% increase over a profit of BRL138.2 million in the year-ago quarter. Nov 1, 2006 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 (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. doubles third-quarter profit, targets short-haul efficiency gains. LAN Airlines more than doubled its third-quarter net income to $51.5 million from $23.8 million in the year-ago period as revenues grew 22.6% to $762.3 million, boosting operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: 7.6 points to 9.3%. Oct 30, 2006 Mexicana Airlines Mexicana Airlines reached a cost-cutting agreement with its pilots that the carrier said will lower expenses by $50 million annually. Reuters Reuters British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. reported that the more than 800 pilots agreed to benefit cuts, including lower overtime pay and a shortening of vacations, in exchange for pay raises in each of the next four years. The wage increases will be calculated by taking the rate of inflation and adding one percentage point. Nov 2, 2006 Tam Linhas Aereas Tam Linhas Aereas doubles third-quarter profit that it placed a firm order for four 777-300ERs, the first Boeing jets it has ever purchased. Nov 2, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 30, 2006 |
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