Company Watch - LAN Airlines.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 31, 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. posted a profit of $16.5 million in the second quarter after a one-time charge of $6.4 million related to severance payments, reduced 38% from $26.6 million in the second quarter of 2005.However, the airline group's operating performance was sound for a period that traditionally is the weakest in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Operating revenues climbed 21% to $690 million, driven by a 23.1% rise in passenger revenues. Expenses grew 19.8%--LAN did not provide a figure--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. surged 60.8% to $25.4 million. This was achieved despite a $36.4 million jump in fuel costs, $9.4 million in losses in LAN's Argentine domestic market and a 37% decline in fuel hedge gains to $10.4 million. Jul 27, 2006 LAN Airlines said it incurred significant costs related to the addition of 11 aircraft in the second half of this year. It took delivery of a 767-300ER last month and will take two more this fall. It will add eight A319s and a 767-300F by year end. Jul 27, 2006 LAN Airlines said its operating performance highlighted its "ability to adapt to challenging conditions by rapidly adjusting its operations and deploying cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. measures." Among those were layoffs that resulted in the severance payment. It said the cuts will result in annual savings of $15 million. Jul 27, 2006 LAN Airlines traffic across the group rose 5.7% against a 6.8% increase in capacity, dropping load factor 0.7 point to 67.8%. Unit revenues climbed 15.3% and yield rose 16.4% on improved segmentation and fuel surcharges, the company said. Cost per ATK ATK - Andrew Toolkit was up 14%, or 7.5% excluding fuel. LAN Airlines flew 1.37 billion RPKs in June, a 6.4% increase over the year-ago month. Capacity climbed 8.2% to 2 billion ASKs, dropping load factor 1.2 points to 68.6%. Jul 27, 2006 LAN Airlines is introducing a $100 million Premium Business product on 767-300 services between South and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Over the next two years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time carrier will install lie-flat seats, upgraded inflight entertainment, modified aircraft interiors and other amenities. Dash 300s also will see improvements in economy service including new seats and video monitors. Jul 24, 2006 LAN Argentina LAN Argentina is an airline based in Buenos Aires, Argentina. It is an affiliate of LAN Airlines and operates scheduled domestic services from Buenos Aires to Córdoba and Mendoza and international services to Miami. Its main base is Aeroparque Jorge Newbery, Buenos Aires. will launch its first international service, a daily Buenos Aires-Miami flight, on Aug. 15 with a 767-300. Jul 25, 2006 |
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